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Safe havens: gold is better than Bitcoin. Expectations betrayed?
By Davide Grammatica
While gold is traveling towards its ATHs in parallel with the trade tensions triggered by Trump, Bitcoin seems to be suffering more than expected
Gold outperforms Bitcoin
Like the stock market, Bitcoin seems to be suffering greatly from the uncertainty of investors caused by Trump’s new trade policies. Above all, the tariffs are not offset by a pro-crypto attitude from the new US administration, and so the entire crypto sector is experiencing a decline from which it will be difficult to recover (at least in the short term).
In this context, it’s interesting to see how gold is reaffirming its status as a “safe haven asset”, with its price recently reaching an all-time high of around 90 euros per gram.
Clearly, investors are looking for stability in their investments, and gold responds to this need much more than Bitcoin does, which despite its intentions is still much more tied to the stock market trend.
In itself, BTC’s ambition to be a “safe haven asset” is still more of a hope for the future, which finds its motivation in the very nature of the asset, and for this reason statements of “failure” from this point of view should be taken with a grain of salt.
BTC, a safe haven, but not now
The “promise”, however, remains a concrete one. According to analysts, these market turbulences will not be enough to compromise Bitcoin’s long-term trajectory towards becoming a safe haven asset, especially until BTC comes close to the capitalization of gold.
These days, BTC seems to be more sensitive to changes in the prospects for global growth, but at the same time it remains the primary contender to become the next global “reserve”, even more so, according to Bitwise analysts, “in a scenario where a recession were to occur in the United States”.
The drop in the first cryptocurrency in February is the most significant since 2014, and for this reason it will be necessary to gain more confidence in the main global fund managers, who still do not consider BTC reliable from this point of view.
