#比特币与黄金战争 Gold vs Bitcoin: Who Holds the Wealth Code in 2025?

This year, the financial market stage has staged a rather interesting asset showdown. On one side is gold, which has risen 70% and surged to $4,450 per ounce; on the other side is Bitcoin, which has fallen from $126,000 to $80,000, a 6% decline for the year. The two major asset camps each have their arguments, but investors are increasingly confused: who is the real safe haven?

What gives gold its confidence? Thousands of years of historical recognition. Continuous accumulation by global central banks, rush purchases during geopolitical tensions, a stable volatility of only 15%, plus liquidity that can be cashed out anywhere—banks and jewelry stores recognize it. When tariff policies ignited the market that day, Bitcoin plummeted 17% in a single day, with a market cap loss of $19.1 billion, while gold rose 1.58%. This is not a coincidence; it’s the market voting with real gold and silver. Gold’s value doesn’t rely on any institutional endorsement; its scarcity is a physical fact, and the global consensus is clear. In turbulent times, it appears even more substantial.

What about Bitcoin? Its annual volatility exceeds 80%, with daily liquidations often reaching hundreds of millions. The algorithmically set scarcity sounds professional, but essentially it’s a high-leverage arena. Last year, it missed the safe-haven wave; this year, it also failed to catch the AI trend. Without the support of sovereign buying, it’s exposed—capital withdrawal leads to sharp declines, and its market trend is increasingly closer to tech stocks rather than safe havens. The label "digital gold" used to be loud, but behind the continuous outflow of institutional funds is a market wake-up call: it remains a speculative tool, not a refuge.

The clearest view is in the numbers. Gold ETFs attracted $16.6 billion, while Bitcoin experienced a withdrawal of hundreds of millions. This reflects the fundamental difference in risk preference between the two assets—gold is the "ballast" in a portfolio, with more allocation reducing risk; Bitcoin, once exceeding 2.5% of a portfolio, begins to amplify risk.

The last question is worth pondering: Is your goal to steadily accumulate wealth, or to seek excitement amid market volatility? The choice has always been in your hands. $BTC