Why is Bitcoin bearish compared to Bitcoin?

If the concept of Bitcoin as "digital gold" is widely accepted, it may pose a long-term threat to the gold market. The supply of Bitcoin is fixed, whereas the reserves of gold have not been fully explored, presenting potential for increased production, which means gold carries inflation risks.

In the secondary market, the trends of Bitcoin and gold often move in opposite directions. For example, traditional funds originally planned to allocate all their capital to purchasing gold, but with the rise of Bitcoin, some funds may flow into Bitcoin, thereby weakening the market demand for gold and putting pressure on its price. Although gold prices once reached a high of $3,200, the rising costs associated with increasing asset prices are also on the rise.

Moreover, the portability and liquidity of Bitcoin and stablecoins make them more advantageous in responding to black swan events, whereas carrying and trading gold is relatively inconvenient. #加密市场反弹