In an interview with the Economic Times, Ray Dalio said that Bitcoin does resemble gold in that it has a clearly limited maximum reserve. However, it is unlikely that the central banks of various countries will actually use Bitcoin as a reserve asset:
Frank Holmes said the “poor performance of gold” in 2021 should not be a reason not to invest in the precious metal. Gold has historically been considered the safest asset in times of war and economic turmoil, said the head of US Global Investors.
Analysts have posted a report from which it follows that amid high inflation and ongoing geopolitical tensions, the popularity of gold-backed stablcoins is growing. The authors of the report argue that the largest gold-backed steiblocoin trades are PAX Gold (PAXG) with a market capitalization of $420 million and Tether Gold (XAUT) with a market capitalization of $200 million.