Everybody says Bitcoin is Gold 2.0 is the new digital gold and will replace gold, an inflation hedge like Gold. Bitcoin & Gold properties are matching except for 1 thing:
- Bitcoin seen as Risk On Asset instead of Risk Off like gold, so in times of economic uncertainty Gold price soars because its risk off and in uncertain times stock market crashes & crypto crashes.
So if Bitcoin is store of value like gold and does the same as Gold then why isn't it classed as Risk Off status like Gold?
In times of economic uncertainty where risk on markets crashing everywhere Bitcoin should be the hedge king right rising up and not be correlated to risky stocks correct?
Dont know on why they do really ends up with that kind of comparison or trying to say that they are just the same knowing that Gold is a natural mineral and have been existed for how many millenias or shall we say from the beginning of time which its understandable on that store of value title.
Risky asset of course because if we do consider out in terms of volatility aspect or level then you could really see the differences and i dont know on how they do
end up on having those considerations or comparisons.