Bitcoin, which outperformed most asset classes last year, is now lagging behind gold, as investors flock to stability amid growing geopolitical tensions.

According to a recent Bloomberg article, the U.S.-China trade war, tariff threats, and Trump’s recent foreign policy remarks have fueled gold’s rally, pushing it to a record $2,882 per ounce. While gold has surged 9% year-to-date, bitcoin has gained just 3%, remaining 10% below its peak.

Despite bitcoin’s built-in scarcity, it has failed to behave as a true store-of-value asset. Unlike gold, which traditionally thrives during economic uncertainty, bitcoin’s price action remains linked to tech stocks.

Aoifinn Devitt, senior investment advisor at Moneta Group LLC, explained that bitcoin is still perceived as a risk-on asset rather than a true hedge against fiat currency. “In time, it will have its characteristics that act separate and apart from markets, but at this point, it is behaving as the riskiest of risk-on assets.”

However, bitcoin advocates remain optimistic. Paul Howard, Senior Director at Wincent, believes that spot Bitcoin ETFs will help stabilize price fluctuations, allowing bitcoin to gradually evolve into a true store of value, similar to gold in the long run.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。