Un Podcast Sobre Bitcoin Oro o Bitcoin: ¿Cuál es el juego fácil?
Jan 27, 2026
A comparison of gold’s 2025 rally with Bitcoin’s lag and why prices diverged. A breakdown of who bought gold: central banks, Asian retail, banks, and late-coming western investors. Discussion of regulation-driven demand, political limits on reserves, and the idea of ‘easy games’ where neglected markets create opportunities.
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Discovery Through Relentless Research
- Alberto Mera describes his long search for an explanation and finding Morgan Stanley's study.
- He frames the discovery as an unexpected inspiration that reshaped his view on gold vs Bitcoin.
Reserves Rebalanced From Bonds To Gold
- Central banks shifted from US bonds to gold after 2022 due to geopolitical trust risks.
- This strategic reserve reallocation increased official demand and supported gold prices materially.
Central Banks Drove Gold's Rally
- Gold's recent surge was driven mainly by central banks buying huge amounts for reserves, not just retail demand.
- Alberto Mera argues this shifts the supply-demand dynamics and explains gold's outperformance versus Bitcoin.