Bitcoin’s Digital Gold Narrative Tested As Gold And Silver Outperform Sharply

Bitcoin was originally conceived as a "digital gold" style store of value designed to benefit from de-dollarisation and inflation, but recent market action shows investors favouring physical metals instead. Over roughly the past year, gold has climbed about 55% and silver around 150%, while BTC has traded largely sideways. Analysts Himanshu Sinha and Doctor Profit argue that central bank gold demand and the gold/BTC ratio both suggest gold may keep outperforming and that Bitcoin is currently behaving more like a speculative risk asset.