#我在Gate广场过新年 Bitcoin's attributes have changed: no longer just "digital gold," but more like "leveraged tech stocks"
Bitcoin was once dubbed "digital gold." However, since reaching its all-time high in October 2025, it has been continuously "bleeding out," while gold has repeatedly hit new highs due to safe-haven demand. The divergence in their trends reveals a shakeup in the fundamental narrative of cryptocurrencies.
The so-called "digital gold" is based on the core logic that Bitcoin possesses similar inflation-hedging and safe-haven properties as gold, making it a refuge for funds during