PANews February 11 News, according to Cryptopolitan, Grayscale in its latest research report pointed out that Bitcoin’s recent price movements are highly synchronized with technology stocks rather than safe-haven assets like gold. The report’s analysis shows that over the past 12 months, Bitcoin’s price has been closely correlated with the performance of high-valuation software company stocks. When the market sold off tech stocks due to concerns about artificial intelligence impacting traditional software services, Bitcoin also declined. This indicates that current investors view Bitcoin more as a growth asset driven by market confidence and risk appetite rather than a “digital gold” that can withstand volatility.
Grayscale believes that although Bitcoin has long-term value storage features such as limited supply and a decentralized network, compared to gold with thousands of years of monetary history, Bitcoin, which has only been around for 17 years, is still in the early stages of proving itself as a global monetary asset. Recently, when gold and silver prices rose, Bitcoin did not follow the same trend; instead, it declined in tandem with high-risk growth assets.
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