According to PANews, Daan Struyven, co-head of Goldman Sachs' global commodities research, pointed out that gold is more effective than BTC in hedging against the risk of a dollar collapse. The risk-return analysis for gold is more favorable.
Bitcoin and gold have both risen significantly over the past three years, but Bitcoin is more volatile, more sensitive to drawdowns, and has a higher positive correlation with tech stocks. The lower correlation and volatility make gold a better allocation choice.
