Bitcoin Falls 40% From Highs: Is Digital Gold Losing Its Shine?
Bitcoin’s Price Plunge Raises Questions About Its “Digital Gold” Status Bitcoin, the world’s largest cryptocurrency, has fallen sharply from its October all-time high of $125,000 , now hovering near $75,000 —a drop of roughly 40% . According to CoinMarketCap, the broader crypto market has shed $1.75 trillion in value since those highs, underscoring the fragility of investor sentiment. Gold Outshines Bitcoin The downturn has reignited debate over Bitcoin’s role as “digital gold.” Traditionally seen as a hedge against uncertainty, Bitcoin has underperformed compared to physical gold during recent geopolitical tensions, including disputes over Greenland. For the first time, gold has outperformed Bitcoin over a five-year period. While gold has surged 68% since February 2025, Bitcoin has dropped 32% . This divergence challenges the narrative that Bitcoin can reliably serve as a safe-haven asset. Micro Concerns: Quantum Computing and Regulation Beyond macroeconomic pressures, Bitcoin...