Gold prices have risen by at least 30% during the past 12 months. Bitcoin prices are up almost 300%. But even now, the Bitcoin market capitalization is only around 3% of that of gold. Being a crypto user, I need to admit that gold is going to be the asset that will be used to store wealth in case a major market crash occurs. I won't be surprised if the gold prices climb to as much as $5,000 per oz from the current levels of $1,500 per oz.

Central banks around the world are accumulating gold at a rapid pace (especially those in China and Russia), while individual investors are also increasingly selling their other assets (such as treasury bonds) to purchase either physical or paper gold. I hope that Bitcoin will also benefit from this, in case gold prices climb very quickly gets too expensive.