Deep Tide TechFlow News, on July 21, according to Decrypt, the latest academic research shows that although Bitcoin is often referred to as 'digital gold' and possesses scarcity and decentralization characteristics, it has not yet been able to fully replace gold as a value storage tool. The research found that Bitcoin exhibits high volatility, inconsistent with the behavior of traditional safe-haven assets, and is more akin to a speculative asset. Andrew Urquhart, a finance professor at Birmingham Business School, points out that Bitcoin may outperform gold as a risk hedging tool in the short term, but it lacks gold's historical record, stability, and crisis-tested resilience. With increasing institutional investment and market maturity, Bitcoin may gradually evolve into an asset more similar to gold, but currently, the two are more complementary than substitutive.