Bitcoin's Volatility Highlights Its Role as a Risk Asset

According to PANews, Minsheng Securities macro analyst Shao Xiang has commented on Bitcoin's potential as a significant competitor to gold in the fiat currency era. However, its speculative nature has led to a notable recent decline. Bloomberg investment columnist John Authers highlighted the contrasting performances of gold and Bitcoin during recent market stress periods, one in April and another in recent days. During these times, gold prices remained stable or even increased, while Bitcoin experienced significant drops. This indicates that during risk events, the market continues to categorize Bitcoin as a 'risk asset,' whereas gold is viewed as a 'safe-haven asset.'