Gold has surged to new highs while Bitcoin has pulled back, and Mark Moss says the divergence is not a contradiction. It is the signal.
Speaking with Kitco News at VRIC 2026 in Vancouver, Moss, host of The Mark Moss Show and Partner at the Bitcoin Opportunity Fund, challenges the idea that gold’s rally is simply an inflation or debasement trade. He points out that “from 2020 to 2024, the gold price didn’t go anywhere at all,” despite unprecedented money printing, asking, “if it’s really about inflation, and if it’s really about debasement, then why didn’t it move off of that?”
Moss says the move reflects a deeper shift. Central banks continue accumulating gold, while individuals increasingly turn to Bitcoin. When Bitcoin is priced in gold, he said, “you see a different picture,” adding, “we don’t know bottoms or tops until we look backwards, but we know when it’s cheap.” He also warns that banks are resisting yield-bearing stablecoins because “they don’t want stablecoins that can pay a yield,” highlighting growing pressure on the traditional banking system.
Recorded January 25, 2026.
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00:36 – Mark Moss origin story: from gold bug to Bitcoin
01:41 – Gold vs Bitcoin: why they don’t move together
04:28 – Trust breaks down: why gold is surging now
05:49 – Bitcoin cycles: what the 4-year pattern signals
09:12 – Stablecoins vs banks: the yield battle
14:05 – Bitcoin strategic reserves: political headwinds
15:04 – MicroStrategy: 709,000 BTC and the “NAV” debate
16:23 – Bitcoin priced in gold: “You see a different picture.”
17:22 – Three investor archetypes: stack, hedge, or trade
18:45 – Momentum vs fundamentals in gold and Bitcoin
21:22 – Regulation tailwinds: GENIUS, CLARITY, and macro setup
#Gold #Bitcoin #GoldVsBitcoin #SoundMoney #MonetaryTrust #CentralBanks #Stablecoins #FiatCurrency #MarkMoss
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41 Comments
It’s so funny how desperate the bitcoiners are to cling onto gold now. A couple years ago gold was dead, bitcoin is the new gold, nobody wants analog gold.
Instead of bashing try to listen. BTC / Au / Ag are not competing assets. BTC down means stacking BTC. Au and Ag up means hodl. Simple.
Bitcons mark will be remembered as one of the minor bitcons.
The dollar is strong????? Really
Crypto went up back when, because people were buying crypto and not gold. Now people are buying gold not crypto. That's why crypto is flat
Crypto went up back when, because people were buying crypto and not gold. Now people are buying gold not crypto. That's why crypto is flat
Which product on shelves is increased less than 1.5%..pharmacy have nothing less than $5 nowdays😂😂
Stable coins are cbdc
Oh no not Mark. He's going to blah blah blah and then give us some crazy technique to become a millionaire that doesn't ever make sense
Oh no not Mark. He's going to blah blah blah and then give us some crazy technique to become a millionaire that doesn't ever make sense
problem with btc, is that it only has extrinsic value …. it needs liquidity … when you buy it, you own a digital entry in a digital ledger … thats it … at this point, btc has no real world use … it is hype and hope to someday become a monetized asset that can be used for collateral …. other than that, it is just a clunky payment system …. so many better cryptos to fill that role …… hard to say where btc will go …. BRICS going gold … btc will need more acceptance for the hope part to work out
I don't think there is anybody out there today willing to trade 17 ounces of real pure gold for 1 bitcoin.
Bitcoin at a million ???? 🤣🤣🤣🤣🤣
Gold is a Trump hedge. If the CLARITY Act passes before midterms AND democrats win enough seats to reign in Trump's lunacy, Bitcoin soars.
this guy has this shity bitcoin atidute ,i remember they make fun about gold and silver as a old relikt and now?
It's not moving because of debasement. It's moving because of a sovereign debt crisis… America cannot repay it's debt without inflating it away, and the world finally sees it and mathematically it doesn't make sense to hold treasuries when the interest on buying america's debt doesn't keep up with the loss in buying power of the dollar… so they are buying the only thing that works.. Gold. and will continue to do so.
I quit at 4:15 "the dollar is pretty strong" yada, yada.
Trump sees cryptos for their only use case – to grift hard working Americans out of their cash. In 50 years time, bitcoin will be worthless.
Gold bugs=old grandpas not understanding new technology and the big picture. Good interview!
The USD is holding strong right now. HaHaHa. This guy lives in a cave. HaHaHa. Mark Carney at Davos was asking for more integration and trade not the opposite.
He says " but , but ,but , way to much… When i talk about something i trust. I never say " but ". 🫡
Bitcoin was made by the government
Never heard so much BS in my life. Who the f is this guy?
Everything has to be attached to gold. No real value of anything can be determined until the gold price is right.
yeh i got shocked about the inflation part. i think he made a mistake!! let it go guys.. have some mercy hehe..
Complete Malarkey !!……….The Dollar is getting Hammered…….as of 16 hours later than this interview the DXY- is at a New Low……96.35….!! Hello, It would be nice to call him out when he states completely wrong data.
One Man's Bit-Con is another Man's Gold……..Mark was sucked into the World of Fake Money…….His loss , my gain. They should keep Mark in his Crytpo Cage.
HOPIUM YEAH, CRYPTO IS FINISHED
Every gold bug's wet dream is trading some coins for food/water/ammo in an apocalypse 🥳
This guy advertises him very much n charging 3000$ for a course..
Our opinions on btc and cryptos dont mean a thing. Our likes and dislikes have nothing to do with the direction of this world. Is the idea of electronic/digital money crazy? IMO yes, but so is the idea of paper money. The world governments want to use digital money——–so we will. No ifs, ands, or buts, we will be using digital money. So love it or hate it, you will learn to live with it.
Dollar hemogeny? 9:40. Isnt it Dollar Hegemony? XD
Bitcoin….mehhhhh
Learn to pronounce Bessent
Lol Saylor's little buddy
Its simple really, gold is store of value and the benchmark for money. Bitcoin is a risk on asset, and does well when there is an exuberant market. Btw, I got my first Satoshi's in 2014 as a liberty and sound money advocate. However, Btc no longer adheres to the Satoshi white paper and is not currency as designed.
1.5% real inflation, which planet is he on?
He’s a Bitcoin guy 💯 & they all tell us how it will be worth $1M in 5 years but they cannot explain how. Bitcoin is a risk-on asset sold as commodity but it’s nothing more than fiat in an electronic form. No one spends it…it’s the greater fool concept hoping some other fool will eventually come along & buy it for more. Saylor is buying it in massive quantities & how safe is it for others when Saylor eventually sells – when it’s good for him or he’s forced to involuntarily? I like my risk thinly spread not all in the hands of a crazy man
2020-2024 gold did nothing??? Dude lost all his credibility here.
01/2020: $1530
12/2024: $2600
I didn’t listen to the BS passed the 3min30sec mark…
For an ex gold bug he knows v. little of the metal history… and keeps pumping BTC instead.
When i want distraction there is always cryptos bros 😂
Mark poo pood gold and silver for a LONG time, bitcoin this, bitcoin that
Why do you guys interview people like Mark? There are great people in the space who never appear on Kitco. Expert analysts who are doing great work on YouTube on macro and metals.