Yorkville America CEO Sees Gold and Bitcoin as Stages of One Thesis

Yorkville America CEO Steve Neamtz sees gold’s place in central-bank reserves and Bitcoin’s route through spot exchange-traded funds (ETFs) as separate institutional stages of one response to fiat purchasing-power erosion. The distinction, in his view, is not that the assets answer different monetary concerns, but that institutions have different tools for holding them. Gold has long-standing custody and legal frameworks and qualifies for sovereign reserve portfolios. Bitcoin, about 17 years old, has an ETF channel that makes institutional exposure more accessible, yet Neamtz says those products have not given it the reserve standing central banks require. That leaves gold further along in formal adoption even as both assets fit the same debasement thesis. U.S. figures provide scale for the currency concern behind that thesis.

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