Bitcoin Is NOT Digital Gold (BlackRock's Institutional Proof)
Philipp 13:37 Episode 7 of Asset Classes
Bitcoin Is NOT Digital Gold (BlackRock's Institutional Proof)
Bitcoin is often sold as digital gold. Its actual correlation behaviour says otherwise — and BlackRock's own framing shows it.
Read the written version
Bitcoin Is Not Digital Gold: 2025 Gold +67%, BTC -6%
2025 ran the experiment: identical macro fears, and gold returned about +67.4% while bitcoin returned about −6.3%. Bitcoin's correlation to the Nasdaq is high; its correlation to gold is roughly zero. It does not behave like insurance — in a liquidity crisis it gets sold with everything else, as the record single-day liquidation of roughly $19bn in October 2025 demonstrated. That does not make it worthless. It makes it a different asset: not digital gold but a venture-style, asymmetric bet, which is why the institutions that did arrive came with 1–2% allocations and not 20%.
Full article, with the sources and the numbers →
More from Which Asset Class Is For You?
-
How to Pick the Best ETFs: The 4-Step Banker Audit That Filters 90% Out Episode 1 · 10:00 -
Value Investing: Why Billionaires Ignore the P/E Ratio (Do This Instead) Episode 2 · 9:49 -
Bonds: How $17 Billion Disappeared Overnight (Safe? Think Again) Episode 3 · 10:17 -
Index Funds vs Mutual Funds: The 2% Reality That Banks Don't Tell You Episode 4 · 7:09 -
REITs vs Buying Property: What $50 Trillion in Smart Money Knows Episode 5 · 7:48 -
Gold Trap: Why Smart Money Owns 0% While Central Banks Buy Record Amounts Episode 6 · 10:31 -
Why a $846 Trillion Market Isn't the Trap Everyone Thinks It Is Episode 8 · 10:55 -
Rules Over Access: The Simple System Behind $50 Trillion in Institutional Money Episode 9 · 13:05