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.
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Bitcoin Is Not Digital Gold — 2025 Settled the Argument
2025 ran the experiment: identical macro fears, and gold returned about +62.6% while bitcoin returned about −6.4%. 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 →
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