Hey, wasn’t Bitcoin supposed to be the digital gold??
To me, it just looks digital, not gold. 🤣
As always, Bitcoin is moving in the same direction as the stock market.
No hedge whatsoever.
Meanwhile, gold does exactly what an hedge asset is supposed to do:
it moves in the opposite direction of the stock market.
And it's done the same for decades now.
It starts growing when things get euphoric in the stock market, and then spikes when crisis finally hits.
It happened in 2008 for example.
So no,
Bitcoin ≠ Gold
At best, "it’s a tech stock with a fan club." cit. ChatGPT
