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The Bitcoin versus gold debate is moot, according to Coinbase (NASDAQ) Head of Institutional Strategy John D’Agostino.

“You don’t have to choose,” D’Agostino told CNBC on Sept. 30. “This isn’t a who’s the GOAT, [NBA legend Michael Jordan] Jordan or  [NBA star LeBron James] LeBron conversation.”

D’Agostino said that as long as one believed monetary supply was growing at a high pace and that it was driving inflation, one needed assets that could beat that inflation.

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D’Agostino said that Bitcoin has characteristics that gold does not.

“It’s digital,” he told CNBC. “It’s infinitely scalable in terms of movement, easy to move. You don’t have to lug gold across borders. Most importantly, I would argue, it produces yield where gold has a negative cost of carry.”

D’Agostino’s remarks come as Bitcoin and gold appear to have swapped positions in the past few months, with gold now being the standout performer of the year. Gold was most recently trading near $3,900 per ounce, up 47% year-to-date, while Bitcoin was trading at $122,000, up 24% year-to-date.

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Still, D’Agostino told CNBC that he remained bullish on Bitcoin, citing trillions of dollars parked in money market funds.

“A couple trillion dollars was sitting in money markets, because at 5%, four and a half, five and a half percent, that’s nice, you’re getting close to beating your target inflation rate,” he said. “As rates tick down, that unlocks those assets. Now, all of it is not flowing into assets like Bitcoin, but a portion will. That’s what makes us bullish.”

The Federal Reserve cut interest rates for the first time this year on Sept. 17 and nearly all are betting on another cut late this month. The CME FedWatch Tool most recently showed that traders see a 97% probability of another 25-basis-point cut following the Fed’s meeting late this month.

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Beyond Bitcoin’s relative performance to gold, D’Agostino also spoke about the institutional adoption of the digital asset, dismissing the idea of an “institutional wave.”