According to Deep Tide TechFlow, recent research shows that while Bitcoin has scarcity and decentralization characteristics, it has not completely replaced gold as a value storage tool. The study found that Bitcoin is highly volatile and more like a speculative asset.
Professor Andrew Urquhart of Birmingham Business School points out that Bitcoin may outperform gold as a risk hedging tool in the short term, but it lacks the historical record and stability of gold. With increased institutional investment, Bitcoin may gradually evolve into an asset similar to gold, but currently, the two are more complementary.
