Bitcoin has long been touted as "digital gold," primarily based on its fixed supply of 21 million coins, decentralized characteristics, and anti-inflation design concept.
However, during the recent escalation of global trade tensions, Bitcoin's market performance has put this title to the test.
Bitcoin is still not "digital gold".
Ki Young Ju, founder of CryptoQuant, pointed out that when the Trump administration sparked a trade war leading to market turmoil, gold prices rose against the trend by 11%, while Bitcoin plummeted by over 25%. This significant divergence indicates that the market has not yet truly regarded BTC as a safe-haven asset in traditional finance.