When the most renowned privacy advocate of an era states that "gold is just something that can't flow through the internet cable," he is touching on far more than a comparison between two assets. This is more like redefining the very concept of "value" itself— in the digital civilization era, what truly qualifies as wealth?

Why is gold gradually losing favor? The answer is simpler than you might think.

Want to try transferring one million dollars worth of gold? That involves logistics quotes, insurance fees, armed escort, customs clearance, and the time costs at every step. Gold is wealth, but first and foremost, it is a physical problem. Weight, space, transportation, storage—each step taxes its "heaviness."

In contrast, the logic of Bitcoin is entirely different. The same one million dollars can be stored in your mind with a private key. Cross-continental transfer takes only ten minutes, with almost negligible transaction fees. More importantly, the authenticity of this asset is verified collectively by thousands of independent nodes worldwide, requiring no third-party "stamp."

This is not just "more convenient"—it is a change in the power structure.

Gold requires vaults, insurance, and credit backing from banks or governments. Bitcoin ownership depends on a private key that belongs solely to you. To digital natives, this self-custody logic is far more natural and convincing than understanding gold bars and safes.

The silent shift of capital has already begun. Public companies are adding digital asset allocations in their financial statements, sovereign funds are starting to allocate to crypto assets, and institutional investors see Bitcoin as "digital gold" rather than a speculative tool. The underlying logic is simple: scarcity remains the same, but usability has been completely upgraded.

Meanwhile, the Bitcoin ecosystem is accelerating its evolution. The Lightning Network makes small payments possible, and layer-two solutions like Stacks are introducing smart contract capabilities to Bitcoin. Once criticized as "only capable of transfers," Bitcoin is quietly evolving into a complete financial network. Faster speeds, lower costs, easier programming—these features are attracting more and more developers and users.

Interestingly, the reasons for choosing Bitcoin vary among different groups. For institutions, it is a tool to hedge against inflation. For developers, it is the infrastructure for building decentralized applications. For ordinary users, it may be a way to own assets that truly belong to them.

So, will gold disappear? No. But its narrative is changing—from "ultimate wealth" to "classic asset allocation," from "necessity" to "diversification options." Bitcoin is not here to destroy gold but to redefine what "scarcity" means in the digital age.

This generational shift has been quietly underway. You cannot see the nodes verifying, the Lightning Network settling, or global institutions quietly allocating. But when you look back, you'll realize that the underlying logic of finance has undergone a profound transformation.