Bitcoin ‘digital gold’ proponent Erik Voorhees moves millions into gold

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Ah, Erik Voorhees, the man who once declared Bitcoin the shining beacon of digital wealth, has apparently decided to dip his toes-no, scratch that, he’s plunged right in-into the murky waters of gold. Yes, you heard it right! According to some rather riveting on-chain data, our beloved Bitcoin pioneer has moved a staggering $6.81 million into gold-backed tokens. I mean, if that’s not a plot twist worthy of a daytime soap opera, I don’t know what is!

  • This move, which feels like a crypto version of buying a yacht after spending years in a dinghy, has traders scratching their heads. Is this a hedge against Bitcoin’s rollercoaster ride or simply a strategic pivot? Only Voorhees knows for sure.
  • After all, he’s been waving the “Bitcoin is the new gold” banner since 2011, so this shift is as surprising as finding a cat video on the internet.
  • But fear not, dear reader! This isn’t an outright abandonment of Bitcoin, as there’s no evidence of Voorhees selling his precious BTC. Instead, he seems to be diversifying-because who wouldn’t want a little gold in their crypto cereal?

From Bitcoin to bullion? Erik Voorhees’ gold bet sparks debate

According to the illustrious minds at blockchain analytics firm Lookonchain, Voorhees has gone ahead and created nine shiny new wallets (because why not?) and spent $6.81 million in USDC to acquire 1,382 PAX Gold (PAXG) tokens at an average price of $4,926 per token. Just think of it as a fancy way of saying each token is backed by actual gold sitting in a vault somewhere-probably guarded by a very confused dragon.

Our hero, Voorhees, has been shaking hands with Bitcoin since its infancy, founding companies like ShapeShift and becoming the poster child for Bitcoin’s “digital gold” narrative. But now he’s adding a sprinkle of physical gold to his crypto cocktail-delicious!

As news of this bold move spreads like wildfire across X, traders are left wondering if this signifies a grand shift or simply a sensible decision to spread the risk around. You know, just like how we all keep our Easter egg chocolates hidden from ourselves to avoid temptation.

Erik Voorhees moving millions to gold? Big pivot from BTC OG.

– Startling (@RealLifu) February 11, 2026

While there’s no indication that Voorhees has sold any Bitcoin, his decision to funnel fresh capital into gold comes at a time when BTC seems more like a high-stakes poker chip than a cozy safe haven. Perhaps he’s hedging his bets-because nothing says “I believe in cryptocurrency” quite like putting your money in something that’s been around since the dawn of civilization.

For those in the trenches of the market, this could be a sign of a wise hedging strategy rather than a full-blown rejection of Bitcoin’s future. After all, tokenized gold gives investors a taste of stability and transparency while letting them keep one foot firmly planted in the blockchain world-a bit like walking a tightrope while juggling.

Still, the eyes of traders are peeled. If other early Bitcoin adopters start making similar moves, it might suggest a larger trend. Perhaps even the most devout believers in Bitcoin are starting to rethink how they balance their digital and physical assets in this ever-evolving market landscape.

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2026-02-11 14:00