Bitcoin at $90,000? Impressive, yes. But calling it “digital gold” is still a stretch. Here’s why:
Volatility ≠ Stability: Real safe havens don’t drop 50% in a few months. Gold holds value. Bitcoin chases value—and sometimes loses it fast.
Not Universally Trusted: Central banks don’t hold BTC. Institutions hedge in gold, USD, or treasuries—not in crypto. That tells you everything about trust and scale.
Still Speculative: A lot of BTC price movement is driven by leverage, ETFs, and sentiment—not fundamentals. That’s not what you want in a crisis asset.
No Real-World Utility Yet: You can’t settle trade with Bitcoin. You can’t back a currency with it. Until it’s functionally as stable as gold, the comparison is more hype than reality.
Final thought: Bitcoin may be a great long-term bet—but it’s not digital gold. Not yet.
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