Which is harder, Bitcoin or tokenized gold? This debate boils down to the source of value, trust systems, and risk models. One is a scarce item in the pure digital world, while the other is a traditional hard currency dressed up in the guise of Blockchain. Let's take a look at how both sides play this card:

Let's first talk about the value logic.
Bitcoin plays the game of digital native scarcity—its total supply is capped at 21 million coins, with production following a halving cycle. This fixed supply design supports its persona as "digital gold." By 2025, its market value is expected to be about 1/15th of gold, but the global consensus is on the rise, and institutional ETFs are queuing up to enter the market. Many people see it as a digital hedge against traditional financial risks. Of course, the price is quite thrilling; it reached a historical high of $120,000 this year and also experienced a single-day drop of 5%.

What about tokenized gold? It directly ties the value to physical gold. Each token is equivalent to the actual weight of gold in the vault, for instance, 1 XAUT equals 1 ounce of physical gold ownership. It inherits the risk-hedging genes accumulated over thousands of years by gold, maintaining a more stable price during economic turmoil, and tokenization resolves all the hassles associated with physical gold - can't be cut, can't be moved? Now, 1 token can represent a small share of gold, lowering the investment threshold to the bottom.

Let's take a look at the trust mechanism layer.
Bitcoin relies on decentralized consensus for support, with trust coming from the encrypted validation of miners and validators across the network, eliminating the need for any intermediaries. When you hold the private key, the assets are yours, and there is no risk of custodial platforms running away or misappropriating funds. This is a complete "trustless" model, where security is backed by the total computing power of the network.

The story of tokenization of gold is not over yet —