Is Bitcoin really digital gold? Or not yet?

Bitcoin's reputation as an asset resembling digital gold has been questioned, especially following investors' reactions to ongoing trade tensions between the United States and other countries.

Despite expectations that investors would turn to cryptocurrency as a safe haven under economic conditions, the actual performance has contradicted these expectations.

“Ki Young Ju,” the founder and CEO of the analytics platform “CryptoQuant,” clarified in a post on platform X that Bitcoin is still far from being considered digital gold, despite its theoretical characteristics resembling gold such as scarcity and its potential role as a store of value.

However, markets have not reacted to Bitcoin on this basis so far, as data indicates that investors are not turning to it as a safe haven in times of geopolitical and economic instability.

An example of this is the 11% increase in gold prices since “Trump” returned to the political scene, compared to Bitcoin's decline of more than 25% during the same period.

Ju believes that these figures clearly reflect that Bitcoin has not yet gained sufficient trust to play the role that gold plays in times of crises.

Nonetheless, Ju remains optimistic about Bitcoin's long-term potential, affirming that it could surpass in the future the market value of gold, which is estimated at around 20 trillion.