In order to become a safe-haven asset like gold and the US dollar, Bitcoin price fluctuations must have a significant negative correlation with the price fluctuations of risky assets, that is, one of the two rises and the other falls, or one falls and the other rises. And this negative correlation must be long-term and stable. Although Bitcoin has shown hedging characteristics in the past year, the time frame has been expanded. In 3 years, 5 years or even longer, the hedging characteristics of Bitcoin are not obvious and unstable. It can be seen that Bitcoin's hedging characteristics have yet to be verified by time, and it is called "digital gold".
There is physical gold in your hand and their is ETF faux 'GOLD' on paper, where 100x paper is traded over holdings. Not unlike USDT which only holds 3% of its assets as USD, thus its really a USD derivative, just like GOLD is a derivative and not the real thing.
So what is BITCOIN, well its Valued in USDT which is 97% scam, ergo BITCOIN is not a 'safe haven', its a 'scam haven'.
Bitcoin at best can be called "Digital GOLD", where "GOLD" here means the GOLD-ETF, and not the real thing.
There is only one gold, and that the gold in your hand, under your control.
Bitcoin is just a number, backed by bullshit and conmen and liars.
It's important to remember if > 3% of the BTC community were to sell for hard currency, the entire system would fold, which is why everyday they tell morons to HODL.
Gold has been confiscated countless times in history. With Bitcoin I can hop across borders with my private keys backed up through a multitude of ways and there is nothing anybody can do to stop it. That is the biggest difference. The physical nature of gold compounded with most people buying from online dealers are its weakness. Not to mentions its heavy AF.
