Gold surges while Bitcoin lays flat: Why has the "digital gold" persona failed?

Recently, the gold market can be described as "crazy," with the price per gram breaking through the 800 yuan mark, reaching new highs daily. Global funds are pouring into this traditional asset with unprecedented enthusiasm. From financial tycoons with deep pockets and long-term planning banks to the savvy "Chinese aunties" who know how to preserve value, all are decisively investing in this gold frenzy—when risk aversion sentiment rises, "buying gold" remains the unspoken first choice for global capital.

However, Bitcoin, known as "digital gold", presents a completely different picture. Its price has stagnated around the $107,000 mark for nearly two months, remaining as "still" as if it were in a deep sleep, in stark contrast to gold's "surge mode". A more direct gap lies in the data: this year, the scale of funds flowing into gold has exceeded that of Bitcoin by a full 15 trillion yuan; the total market value of gold has soared to 30 trillion yuan, while Bitcoin has barely surpassed 2 trillion yuan, with the two differing by more than ten times in scale.

The once highly anticipated "anti-inflation and safe-haven" properties have completely revealed their flaws under the current market test. When the world situation is turbulent and investors are anxious, the concept of "digital gold" ultimately cannot compete with the trust in "real gold and silver"—the popularity of "Bitcoin" in Google searches remains stagnant, discussions on social platforms are scarce, and there is none of the fervor and clamor that should accompany a bull market.

In the end, the saying "real gold is not afraid of fire" reflects the value consensus that has been accumulated over five thousand years of civilization. Gold, as the ultimate carrier of value storage in the old era, has the largest buyer in global central banks, and this "official endorsement" gives it an irreplaceable confidence as a safe haven.

Of course, this does not negate the future of Bitcoin. As a new type of value storage anchor, it represents an innovative direction and growth potential in the financial sector. However, the persona of "digital gold" requires a longer market verification cycle. Perhaps it will only be on the day when the majority of central banks globally incorporate Bitcoin into their reserve assets that it can truly take over the baton of "digital gold" and stand on the same value level as gold.