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Crypto Macro

Strive CEO: Bitcoin Could Outperform Gold Long-Term, High BTC Exposure Key to Alpha

Strive CEO Matt Cole said on X that bitcoin’s long-term performance could surpass gold as monetary debasement continues, citing gold’s compound annual growth outpacing US M2 growth across multiple periods — 9.0% vs 6.7% since 1970, 9.5% vs 6.3% since the global financial crisis, and 18.3% vs 6.5% since the pandemic. Cole said Strive’s edge lies in maintaining high bitcoin exposure multiples and ample liquidity rather than lowering financing costs.

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AI take

Cole's argument reframes the bitcoin-versus-gold debate around monetary debasement rather than volatility, using gold's own historical outperformance of M2 growth as the benchmark bitcoin is expected to beat. The emphasis on high exposure multiples and liquidity over cheaper financing is a notable strategic choice for a listed company holding bitcoin, since it prioritizes upside capture and flexibility over balance-sheet cost optimization. The open question is whether that exposure-heavy model holds up if bitcoin's long-term correlation to broader liquidity conditions diverges from the gold precedent Cole cites.

Generated by AI for reference only.

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