Gold prices plummeted 5.28% to $4,125.75, sparking debate on its value.
Joe Carlasare slams gold, while CZ Binance favors Bitcoin’s potential.
Volatility challenges gold’s status as a traditional safe-haven asset.
The crypto and traditional finance worlds are reeling as gold prices crashed 5.28% to $4,125.75 per ounce, as noted in a viral X post by Joe Carlasare on October 22, 2025, at 12:55 AM +04. His blunt declaration, “Gold will NEVER be a store of value!”—accompanied by a chart showing a $229.87 single-day drop—has ignited a fierce debate. Carlasare’s frustration peaked with the quip that he can’t even buy coffee with gold anymore, signaling a loss of faith in its reliability. This dramatic plunge, occurring in the early hours of Wednesday, challenges gold’s long-standing reputation as a safe-haven asset amid economic uncertainty.
Contrasting Carlasare’s view, CZ Binance offered a balanced perspective, stating, “Gold won’t go to zero. But bitcoin is better.” This suggests a shift in sentiment toward cryptocurrencies, with Bitcoin positioned as a modern alternative. Advocates argue its decentralized structure and 21 million coin cap provide a robust store of value, especially as gold stumbles. The X post, garnering 9.8K likes and 932K impressions, reflects growing interest in this narrative. Bitcoin’s volatility is well-documented, but its adoption by institutions and individuals alike fuels the case for it overtaking gold, especially as markets evolve in the digital age.
Market Implications: What Lies Ahead?
This gold price dip could be a market correction or a harbinger of deeper change. Historically, gold has weathered storms with its intrinsic value and global acceptance, but a 5% drop in a day is unusual. Analysts are watching closely, with some suggesting investors might pivot to Bitcoin or other cryptocurrencies. The timing, just past midnight in the +04 timezone, adds intrigue—could this be an overnight reaction to macroeconomic data or a speculative move? For crypto enthusiasts, it’s a golden opportunity to push Bitcoin’s narrative, while traditionalists argue gold’s legacy won’t fade easily. The next few trading sessions will be critical.
As of now, the crypto market remains divided. Gold’s liquidity and cultural significance retain a strong base, but Bitcoin’s technological edge and growing ecosystem are hard to dismiss. This clash of titans—sparked by a single X thread—highlights a pivotal moment. Is gold’s reign ending, or will it rebound? The answer lies in how investors adapt to this volatility. For now, the crypto community watches with bated breath, ready to capitalize on any shift in the tide.
Disclaimer: All content published by Crypto Pro Live (CPL) is intended solely for informational and educational purposes. It does not constitute financial, investment, or legal advice. While we strive for accuracy and reliability, CPL assumes no responsibility for any financial decisions, losses, or actions taken based on the information provided. Readers are encouraged to conduct thorough research and seek professional guidance before making investment choices.
Nikolai Carter
