Is Bitcoin really digital gold?

There is a popular narrative that Bitcoin acts as a store of value like gold, meaning the two assets should move in sync. However, it isn't that simple. The chart shows that the market currently views Bitcoin as a "risk-on" asset (like stocks), unlike gold, which is viewed as a "risk-off" safe haven.

That said, Bitcoin has been an excellent store of value over the long term, provided you could handle the volatility. The narrative isn't dead yet. As adoption grows and volatility decreases, Bitcoin may eventually rival gold or, at the very least, start to correlate with it.$BTC #DigitalGold #bitcoin #GOLD #BTCVSGOLD