The "competition" between #BTC对标贵金属的竞争格局 Bitcoin and gold has never been an either-or choice, nor can we talk about one eliminating the other. To put it bluntly, both have their uses in reality and will not become obsolete in the coming years.

It's clear when looking at the surface attributes:

Gold represents the trust system of the old era. It is tangible and has a history backing it of thousands of years. When the financial tsunami strikes and geopolitical tensions rise, central banks and large institutions still invest in gold. But the problem is also clear - gold is heavy and difficult to divide, it costs money to cross national borders, and its liquidity is inherently limited.

Bitcoin is a new product of the digital generation. With a fixed total supply, global transfer in seconds, and not controlled by any single country, more and more institutions are beginning to view it as "digital gold." The benefits are obvious, but there are also many downsides—price volatility is severe, emotional fluctuations are significant, regulatory attitudes are still changing, and its ability to serve as a safe-haven tool in the short term is still not stable enough.

Just take a look at the flow of funds in reality and you'll understand: central banks and national institutions have a strong preference for gold, while those young capital and risk-tolerant institutions are more optimistic about Bitcoin.

This is not an ultimate showdown, but a coexistence of old asset forms and new asset forms. The future scenario is likely to be as follows: gold continues to hold its fundamental position, while Bitcoin seeks to capture growth space. Both have their rightful place.