Bitcoin is not experiencing a decline in value or popularity in comparison to gold; rather, it is currently maneuvering through a liquidity squeeze, a challenging financial situation where there's a shortage of liquid assets available for trading. This particular liquidity issue is something that gold has never had to face, highlighting the unique circumstances and market dynamics affecting Bitcoin at this time. This analysis and perspective are emphasized in the Asia Morning Briefing.
source: https://www.coindesk.com/markets/2026/02/06/bitcoin-isn-t-losing-to-gold-it-is-navigating-a-liquidity-squeeze-that-the-yellow-metal-never-had-asia-morning-briefing