Goldman Sachs analyst predicts $4,000 gold, calls it a better hedge than Bitcoin originally appeared on TheStreet.
Gold is set to shine even brighter, according to Goldman Sachs.
Daan Struyven, the bank’s co-head of global commodities research, says gold could soar to $4,000 per troy ounce by mid-2026, positioning the precious metal as a superior hedge compared to Bitcoin.
In a discussion with strategy firm Veriten, Struyven made a compelling case for gold’s continued rise, citing supply scarcity and investor demand amid inflation fears.
“Supply is very limited. The vast majority of the available gold supply has already been mined,” Struyven explained. “And Bitcoin supply, by design, is limited, and I think this limited supply gives some confidence to investors who are worried about runaway inflation which may be caused by a potentially aggressive increase in money supply.”
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At the time of writing, gold is priced at $3,310.74, while Bitcoin (BTC) is trading at $109,000 after briefly hitting a record high of $111,900 last week. BTC is up nearly 3% in the past week and 18% in the past month.
While acknowledging Bitcoin’s strong historical returns, Struyven warned that crypto’s volatility makes it a less reliable hedge compared to gold. He emphasized Bitcoin’s growing correlation with tech stocks as a point of concern.
“Bitcoin has booked higher returns than gold over the past few years, but is also more volatile and sensitive to drawdowns,” he said. “Both Bitcoin and equities tend to do well when risk sentiment is positive.”
Bitcoin is often referred to as “digital gold” because it shares key characteristics with the precious metal, most notably, its scarcity and role as a hedge against inflation. Like gold, Bitcoin has a finite supply; only 21 million BTC will ever exist, and this capped issuance mirrors gold’s limited physical supply on Earth. This scarcity makes Bitcoin appealing to investors seeking assets that resist currency debasement, especially during periods of aggressive monetary expansion by central banks.
Beyond scarcity, Bitcoin also offers portability, divisibility, and verifiability—qualities that some argue make it an even more efficient store of value than gold. While gold requires secure storage and physical handling, Bitcoin can be transferred globally within minutes at relatively low cost. These attributes have led institutional investors and financial firms to embrace Bitcoin as a modern, tech-enabled alternative to gold in the digital age, reinforcing its growing nickname as “digital gold.”
Goldman Sachs analyst predicts $4,000 gold, calls it a better hedge than Bitcoin first appeared on TheStreet on May 28, 2025
This story was originally reported by TheStreet on May 28, 2025, where it first appeared.
