Last May witnessed a significant migration of liquidity from gold to Bitcoin, as Bitcoin ETF funds received more than $9 billion, while gold funds saw an outflow of more than $2.8 billion during the same period.
The crisis of doubt created by tariffs has highlighted Bitcoin more as a means of hedging amid volatile geopolitical and economic conditions.
Gold still retains its position as a traditional store of value, but it has begun to lose part of its share to Bitcoin. Despite this shift, there are still doubts among traditional investors regarding Bitcoin's status as a safe store of value, due to its price volatility.
Today, shareholders in Meta rejected the proposal to add Bitcoin to the balance sheet, and the same has happened with Microsoft.
In my personal opinion, Bitcoin is not in doubt as a currency or as an investment asset for investors, but rather the lack of a 'protection key' (so far) prevents its price from fluctuating suddenly, unlike gold or treasury assets.
Most likely, the situation will change in the future, but first, a solution must be found for some 'bumps', chief among them is strategy.
