Samson Mow, CEO of JAN3, highlights a crucial difference between Bitcoin (BTC) and gold (XAU) regarding ownership nature.
Key Differences Between Bitcoin and Gold
The core difference between Bitcoin (BTC) and gold (XAU) lies in ownership. Knowing the private key is crucial for Bitcoin, while gold remains a bearer asset when physically possessed.
Gold as a Reserve Asset
Amid global geopolitical uncertainty and recession fears, gold has strengthened its position as a reserve asset, reaching $3,001.30 in April futures.
Current Asset Market Trends
Bitcoin (BTC), unlike gold, is struggling to break out of its bearish dynamics, trading at $83,900, 23% down from the peak. The Cryptocurrency Fear and Greed Index remains in the fear zone at 46/100.
While Bitcoin is often dubbed 'digital gold' due to its high value and limited supply, significant differences remain between these assets, highlighted by Samson Mow.
