Crypto’s ‘Digital Gold’ Myth Exposed as Traders Pivot to Metals

Bitcoin’s “digital gold” promise is unraveling as traders forgo the token for surging metals, hurting a narrative that once defined the asset’s macro appeal.

By David Pan, Muyao Shen · Bloomberg Markets

Bitcoin’s “digital gold” promise is unraveling as traders forgo the token for surging metals, hurting a narrative that once defined the asset’s macro appeal.