Bitcoin's Appeal as a Safe-Haven Asset Amid Global Recession Expectations: A Comparison with Gold
In times of economic uncertainty, Bitcoin is increasingly viewed as a digital safe-haven asset, similar to gold. While gold has a long history as a store of value, Bitcoin's finite supply and decentralized nature appeal to investors seeking alternatives to traditional assets. However, Bitcoin's higher volatility compared to gold makes it a riskier hedge. Data shows that during economic downturns, Bitcoin's correlation with gold has been inconsistent, sometimes moving in tandem and other times diverging. This suggests that while Bitcoin may attract避险资金, its role as a reliable safe-haven asset is still evolving.