Last May saw a significant migration of liquidity from gold to Bitcoin, with Bitcoin ETFs absorbing more than $9 billion, while gold funds saw liquidity outflows of more than $2.8 billion during the same period.

The uncertainty created by tariffs has further highlighted Bitcoin as a hedge against volatile geopolitical and economic conditions.

Gold still maintains its position as a traditional store of value, but it is beginning to lose some of its share to Bitcoin. Despite this shift, traditional investors still have doubts about Bitcoin as a safe store of value due to its price volatility.

Today, Meta shareholders rejected a proposal to add Bitcoin to the balance sheet, a similar situation occurred with Microsoft.

In my personal opinion, Bitcoin is not a currency or an investment asset that investors are concerned about, but rather the lack of a "security key" (so far) that prevents sudden price fluctuations, unlike gold or treasury assets.

Most likely, the situation will change in the future, but first, some "bumps" must be resolved, most importantly strategically.