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Giacomo Iotti
Making sense of the AI Marketing revolution
April 9, 2025
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bitcoin-isnt-digital-gold-its-just-digital-and-risky

Bitcoin follows stocks, not gold, when markets fall

Hey, wasn’t Bitcoin supposed to be the digital gold??

 

To me, it just looks digital, not gold. 🤣

 

As always, Bitcoin is moving in the same direction as the stock market.
No hedge whatsoever.

 

Meanwhile, gold does exactly what an hedge asset is supposed to do:
it moves in the opposite direction of the stock market.

 

And it's done the same for decades now.
It starts growing when things get euphoric in the stock market, and then spikes when crisis finally hits.
It happened in 2008 for example.

 

So no,

 

Bitcoin ≠ Gold

 

At best, "it’s a tech stock with a fan club." cit. ChatGPT

 

Table shows 2025 year-to-date returns: S&P 500 −13.93%, Nasdaq −19.20%, Bitcoin −14.75% and gold +16.43%.
Line chart shows gold rising while the S&P 500, Nasdaq and Bitcoin fall between January and early April 2025.
Table shows 2025 year-to-date returns: S&P 500 −13.93%, Nasdaq −19.20%, Bitcoin −14.75% and gold +16.43%.