Karel Mercx -

Gold Bug Who Missed Bitcoin at $400 Claims BTC’s Key Narrative Is Broken

January 12, 2026 by jad

Gold Bug Who Missed Bitcoin at $400 Claims BTC’s Key Narrative Is Broken

Financial analyst Karel Mercx claims the “digital gold” narrative for Bitcoin is broken, citing investors’ preference for physical metals.

Name	Price
Bitcoin(BTC)	$91,923.39
Ethereum(ETH)	$3,134.10
Tether USDt(USDT)	$1.00
BNB(BNB)	$908.79
XRP(XRP)	$2.06
Solana(SOL)	$141.75
USDC(USDC)	$1.00
TRON(TRX)	$0.298842
Dogecoin(DOGE)	$0.139276
Cardano(ADA)	$0.392673