Bitcoin lagging gold is 'exciting,' says Anchorage head of research

The "digital gold" narrative is officially dead. While gold surged 25% to record highs, Bitcoin collapsed 50% from its peak, proving it’s still just a volatile risk asset driven by leverage and liquidations rather than a true store of value. This massive divergence isn't a failure, but proof that Bitcoin is still in a "discovery process" and hasn't earned its safe-haven status yet. If it can't hold value when gold shines, can it ever truly replace it? What do you think?
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