KZG Crypto 口罩哥
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In-depth Review: How the "digital gold" myth was shattered on Black Friday
On Black Friday, I witnessed the collapse of a myth.
What myth? The myth of Bitcoin as "digital gold."
Let's state the facts: On October 10, Trump announced a plan for tariffs against China, causing panic in the global market. In such a situation, theoretically, safe-haven assets should rise, right?
Gold has indeed risen.
How much has it risen? It has directly broken through 4000 USD per ounce, a historical high.
What about Bitcoin?
Plummeted by 11%, directly breaking 110,000.
Black Friday: A comparison of the performance of gold vs Bitcoin
Did you see this comparison chart? One is soaring, the other is plummeting. This doesn't look like a safe-haven asset at all; it's clearly a risk asset, and a high-risk one at that.
What myth? The myth of Bitcoin as "digital gold."
Let's state the facts: On October 10, Trump announced a plan for tariffs against China, causing panic in the global market. In such a situation, theoretically, safe-haven assets should rise, right?
Gold has indeed risen.
How much has it risen? It has directly broken through 4000 USD per ounce, a historical high.
What about Bitcoin?
Plummeted by 11%, directly breaking 110,000.
Black Friday: A comparison of the performance of gold vs Bitcoin
Did you see this comparison chart? One is soaring, the other is plummeting. This doesn't look like a safe-haven asset at all; it's clearly a risk asset, and a high-risk one at that.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.