Because gold is tangible and is historically the safe bet in times of turmoil.
filbo132 on
People like to call Bitcoin as a digital gold, but for now there’s no signs at all that it is. Maybe it will some day, but we’re not there yet.
DivingDeep21 on
I would argue that Gold and Oil rose against everything else
Dedsnotdead on
Hedging risk in the open market.
OnionQuest on
Bitcoin is a speculative asset. /thread
coinfeeds-bot on
tldr; Bitcoin’s price dropped 3.6% amid reports of Israeli airstrikes on Iranian nuclear facilities, while gold surged over 2% as investors sought safe havens. Experts suggest Bitcoin, often compared to digital gold, behaves more like a risk asset tied to tech stocks during geopolitical crises. Gold’s traditional appeal as a safe haven contrasts with Bitcoin’s younger, leverage-prone investor base. Analysts note Bitcoin’s fundamentals and market consolidation phase, with potential further impacts if Middle East tensions escalate.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
GreedVault on
Not sure how many years it will take, but I believe that once the old generation passes on and the new takes over, crypto will become an asset that could at least be on par with gold.
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Seems like it
Because gold is tangible and is historically the safe bet in times of turmoil.
People like to call Bitcoin as a digital gold, but for now there’s no signs at all that it is. Maybe it will some day, but we’re not there yet.
I would argue that Gold and Oil rose against everything else
Hedging risk in the open market.
Bitcoin is a speculative asset. /thread
tldr; Bitcoin’s price dropped 3.6% amid reports of Israeli airstrikes on Iranian nuclear facilities, while gold surged over 2% as investors sought safe havens. Experts suggest Bitcoin, often compared to digital gold, behaves more like a risk asset tied to tech stocks during geopolitical crises. Gold’s traditional appeal as a safe haven contrasts with Bitcoin’s younger, leverage-prone investor base. Analysts note Bitcoin’s fundamentals and market consolidation phase, with potential further impacts if Middle East tensions escalate.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Not sure how many years it will take, but I believe that once the old generation passes on and the new takes over, crypto will become an asset that could at least be on par with gold.