Why Isn’t Bitcoin Trading Like Digital Gold?

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With the world's heightened uncertainty, many investors expected bitcoin to behave like a safe-haven asset, similar to precious metals.

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After all, bitcoin has gained a reputation as digital gold, in which case it should be a hedge for investors during these tumultuous times.

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[{"selector":"#anim-7e235a99-add3-4276-a873-6a9194160235","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-184dd07a-8376-4028-9315-aeedba5c1f54","keyframes":{"transform":["translate3d(114.54545%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Yet bitcoin has given investors little protection from the fear that has gripped the economy amid the war in Ukraine, sky-high inflation, and the threat of rising interest rates. So, what gives? Read More

On the one hand, Apple Co-Founder Steve Wozniak has described bitcoin as “pure gold mathematics” and even a “mathematical miracle.”

On the other hand, Wall Street veteran Lloyd Blankfein suggested that perhaps bitcoin isn't all it's cracked up to be.

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