#比特币vs代币化黄金 , Who is the true "digital gold"?

In 2025, under the wave of RWA, the competition between Bitcoin and tokenized gold as the "king of value storage" is intensifying. Bitcoin is centered on algorithmic consensus, relying on a fixed supply of 21 million coins and a decentralized network to build a "trustless" value system, boasting 24/7 liquidity and cross-border instant transfer advantages, with institutional ETF holdings continuously expanding. Tokenized gold (such as XAUt, PAXG) anchors to physical gold, with each token corresponding to sufficient vault reserves, retaining gold's millennia-old property as a safe haven while achieving fractionalization and programmability through blockchain, allowing it to earn within the DeFi ecosystem.

The core differences between the two are significant: Bitcoin is more volatile, with a correlation of 46% to U.S. stocks, attracting more risk-seeking funds; tokenized gold has lower volatility, relying on physical backing, and has become a diversified choice for conservative investors. As of November 2025, the market size of tokenized gold has reached 3.5 billion dollars, while the total market value of Bitcoin exceeds 20 trillion dollars, with the former emphasizing "physical + digital" dual protection, while the latter focuses on "native digital scarcity".

Which asset would you include in your risk-hedging portfolio? Share your choice logic in the comments section 👇