Recently, a new study said that although Bitcoin is very popular and is known as "digital gold", it is still a little short of completely replacing real gold and silver. Why? Because its price fluctuates too much, and it rises and falls sharply at any time. It is more like a "casino chip" rather than a stable value preservation tool.

Professor Andrew Urquhart of Birmingham Business School also said that in the short term, Bitcoin may be more exciting than gold, and it can indeed hedge risks when it rises quickly. But the problem is that gold has been tested for thousands of years, from the ancient Egyptian pharaohs to the present, it has always been stable. Bitcoin is only a dozen years old, and its history is too short. Although institutional bosses have begun to enter the market, it is estimated that they will have to wait for a few more years to make everyone fully trust it.

So the current situation is that Bitcoin and gold are more like a "complementary relationship" - one is playing with heartbeats, and the other is seeking stability. If you want to try high returns, you can allocate some Bitcoin; but if you are afraid of losing money and can't sleep, gold is still more reliable.

But then again, Bitcoin is becoming more and more popular with large institutions, and it may really become more like gold in the future. But at least for now, it is still a bit difficult to completely replace gold with it$BTC