Ah, the eternal saga of Bitcoin versus gold-the digital rebel versus the ancient glittering hoard. Stefan Jespers, better known as WhalePanda, recently took to X (formerly Twitter) to throw shade at Bitcoin’s reputation as a store of value. While such heresy might make crypto zealots clutch their hardware wallets in horror, WhalePandaâs critique deserves a closer look. Letâs dive into this circus of opinions, shall we? đŞ
- WhalePanda, the Bitcoin OG, questions whether 2025 is truly a bull market for BTC.
- He argues that gold and big stocks outshine Bitcoinâs modest 500% growth over eight years. Yes, you heard that right-modest. đ
- Despite his skepticism about Bitcoinâs long-term value, he still champions its role as an uncensorable means of exchange. Freedom fighters, rejoice! â
Is Gold Still King? đ
Bitcoin as a Store of Value: A Myth or Reality?
Letâs face it-Bitcoinâs network capacity is laughably low. With just five to seven transactions per second, itâs like trying to fit a herd of elephants through a revolving door compared to Visaâs 24,000 transactions per second. Yet, many Bitcoin enthusiasts insist on dismissing its utility as a payment method. Instead, they cling to the idea of Bitcoin as âdigital gold.â đŞ
Michael Saylor, the man behind Strategy (the company with more Bitcoin than sense), claims Bitcoin is superior to gold because itâs easier to move around. But not everyone buys this narrative. Jack Dorsey, Twitter co-founder and alleged Bitcoin creator (according to some wild theories), insists that Bitcoin must be used for payments to stay relevant. After all, what good is a currency no one spends? Unless youâre Laszlo Hanyecz, who famously traded 10,000 BTC for two pizzas in 2010-a decision he probably regrets every time he sees a Papa Johnâs ad. đ
Still, the fear of missing out on future gains keeps people from spending Bitcoin. As Jameson Lopp wisely noted, âNo one wants to be a pizza guy.â And letâs not forget those countries and corporations hoarding Bitcoin like dragons guarding treasure. But does WhalePanda agree with this obsession? Not quite.
WhalePandaâs Thoughts: The Voice of Reason or Heresy?
In a series of tweets dripping with sarcasm, WhalePanda challenged the notion that Bitcoin is the ultimate store of value. First, he pointed out that $124,000-the peak price reached on August 14, 2025-isnât necessarily the top of this bull run. âOctober has always been a good month,â he quipped, hinting that Bitcoin might climb even higher. Or maybe heâs just trolling us. Who knows? đ
But hereâs the kicker: when adjusted for inflation, $124,000 isnât even an all-time high. WhalePanda reminds us that the real ATH was back in December 2024, when Bitcoin hit $106,000. Ouch. He also scoffed at the idea that Bitcoin is currently in a bull market, noting that it hasnât set new highs against the Euro. âHigher market cap stocks have 5-10% days and Bitcoin canât,â he wrote, throwing shade at Bitcoinâs sluggish performance. Even Strategy, Michael Saylorâs pet project, apparently performs worse than Bitcoin-but thatâs not saying much. đ˘
If it was the cycle top, which I don’t think it was, there is no reason to hold BTC as store of value.
Why would I hold something that loses 80% of its value?
“Bitcoin went from 16k to 124k”
No.
Bitcoin went from 69k to 124k in 4 years. Plenty of assets did better.– WhalePanda (@WhalePanda) August 25, 2025
WhalePandaâs logic is simple yet brutal: why hold an asset that crashes harder than a toddler denied candy? He also offered a reality check on Bitcoinâs four-year gains, comparing peak-to-peak values instead of cherry-picking lows. From $69,000 to $124,000 in four years? Thatâs less than a 50% gain. Meanwhile, gold and big stocks have shown stronger, steadier growth. Cue the sad trombone. đş
Is Gold Still King? đ
Gold, the OG store of value, has quietly outperformed Bitcoin in terms of stability and appreciation. Over four years, gold grew by less than 50%, but hey-at least it didnât crash 80%. And then there are stocks. Take Nvidia (NVDA), for example, which skyrocketed from $4 to $180 in eight years. Sterling Infrastructure (STRL) went from $13 to $295, and AMD surged from $14 to $166. These stocks prove that slow and steady wins the race-or at least doesnât leave you crying into your crypto portfolio. đââď¸đ¨
Bitcoin took 8 years to go from $20k to $125k.
– Tyler (@TylerDurden) August 26, 2025
So, where does this leave Bitcoin? According to WhalePanda, itâs not doomed-itâs just misunderstood. While he doubts its status as a store of value, he praises its role as an uncensorable means of exchange. Gold and stocks may shine brighter, but they lack Bitcoinâs rebellious spirit. In a world of regulations and restrictions, perhaps freedom is the true treasure. đ
It would still have its use as uncensorable means of exchange, but wouldn’t be a store of value.
People saying “oh can’t wait to buy lower” or “good it crashed, I can stack more” don’t seem to understand that if it fails to outperform other assets. It won’t be a store of value.
– WhalePanda (@WhalePanda) August 25, 2025
In conclusion, dear reader, the debate rages on. Is Bitcoin the future of finance or just another speculative bubble? Will gold retain its crown, or will tech stocks steal the spotlight? Only time will tell-and until then, weâll keep watching the drama unfold with popcorn in hand. đż
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2025-08-27 16:21