Bitcoin for Gold with recent market crises.
For the first time in 14 years, the thesis was questioned after capital migrated to gold instead of Bitcoin during recent market crises.
Jucelino Luz - Journalist and Bitcoin expert
Águas de Lindóia, September 14, 2025
The Failure of the Store of Value
Bitcoin evolved from “peer-to-peer cash” to “digital gold” as the community fought for ETF approval and institutional access.
When tariffs, currency tension, and fiscal instability finally arrived, this should have been Bitcoin's moment to prove its store of value thesis.
“Instead, capital rushed to gold,” . “Institutions had access. There were no more barriers. That's the uncomfortable part.”
The collapse of the narrative is important because Bitcoin abandoned the peer-to-peer cash vision in 2017 when the community rejected increasing block size.
The market then turned to the store of value narrative — Bitcoin as digital gold with limited supply, easily divisible, and better than the original.
However, when fear really hit, investors proved they were too afraid to try the new digital store of value and rushed to “good old gold.” This revealed that Bitcoin is not live money and did not significantly absorb demand during the crisis.
The Energy Is Gone
The early enthusiasts have practically left, retail participation is at historic lows, and even the most aggressive weekly buyers can't generate sustained momentum.
The fight that united the community — getting Bitcoin into the system — is over because Bitcoin won.
“Now there's nothing left to fight for because we won,” “Bitcoin is in the system. Bitcoin is the system. And all that energy, that passion, that power on Twitter, on Reddit, on TV, has dissipated.
And ”the ultimate legal pyramid scheme" — offering an 11% yield on an asset that generates no yield to attract more capital.
Furthermore, even billions in weekly purchases will not be able to generate significant appreciation on October 10, 2025, and beyond...
The Three Scenarios
There are three possible outcomes. First, Bitcoin could have a slow death as a big meme currency, with no yield, store of value function, or monetary utility. Which has been happening since the end of 2025. It could fall into oblivion and be controlled by someone within the government system.
Second, Bitcoin eventually becomes a store of value, but it needs more than a year of institutional access — which means that this cycle fails, but future cycles succeed. Or it will be replaced by new forms of control where there is administration by government authorities. (Electronic currency that will replace paper by 2035).
Third and most unlikely, Bitcoin becomes the de facto currency for AI agents that perform trillions of microtransactions daily. These agents need instant, programmable settlement mechanisms that the traditional banking system cannot provide — creating a race between the dollar and Bitcoin. And AI will knock everything down and modernize our financial future everywhere in the world.
Finally, in 2026, Bitcoin will begin to fall and will experience ups and downs, often lower than normal.
Early 2026 will be difficult for Ethereum (CRYPTO: ETH). The world's second-largest cryptocurrency will fall by around 34% and will be trading at around $2,000. This represents a drop of approximately 60% compared to months ago.
In this scenario, it may seem unlikely that Ethereum will be able to reverse the situation in 2026. Ethereum could more than double in value and recover the $5,000 level. Of course, a lot needs to go right, a lot of luck, and changes in the global financial landscape. And in the future, SOLO may also raise its prices.
Finally, be very careful with investments and keep your feet on the ground, because AI could change the entire scenario, and electronic money controlled by the world government will be part of our lives by 2035.
Attention!
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