Currently, Bitcoin (BTC) is trading at approximately $92,599 and is up 2.37% in the last 24 hours. BTC's market cap is around $1.80 trillion, and it has recently been moving within the range of $89,378–$93,499.
Gold has traditionally been considered a strong store of value, while Bitcoin has come to be known as "digital gold."
Key differences:
Gold has physical and intrinsic value, while Bitcoin's value is based on adoption and demand.
Bitcoin is highly volatile, while Gold remains comparatively stable.
Bitcoin is a digital asset, while Gold is used for investment as well as in jewelry and industry.
Recently, Standard Chartered set a yearly target of $100,000 for Bitcoin, while expressing caution regarding the pace of ETF inflows and institutional adoption.
The question remains:
Will Bitcoin truly become a digital alternative to Gold over time, or will its volatility always keep it a risky asset?
