Gordon Johnson explains Bitcoin price crash versus gold rally with four key arguments

On January 20, GJL Research analyst Gordon Johnson used X to answer why Bitcoin’s price has been falling while gold has been climbing, arguing that BTC and other cryptocurrencies have "ZERO value." He pointed to Bitcoin’s lack of clear utility, its inability to function as a real currency due to fixed supply, the view that most cryptocurrencies are unregistered securities under the CLARITY Act, and the historical failures of private money. Over the same period, Bitcoin dropped from about $95,000 to roughly $89,000, while gold advanced from around $4,550 to near $4,860, which Johnson contrasted with gold’s long-standing role as a store of value.