- Bitcoin has fallen 35% from its peak, while gold has risen 25%.
- David Lovant, head of research at Anchorage Digital, believes the gap between Bitcoin and gold shows the digital asset’s growth potential.
- In his opinion, Bitcoin is still in the process of transitioning from a risk asset to a store of value, and this process may take a long time.
Now Bitcoin The cryptocurrency is trading at $81,148, down nearly 35% from its all-time high in October 2025. Over the same period, gold has risen 25% to $4,700. This discrepancy has led some experts to believe the digital gold myth has been debunked.
However, David Lovant, head of research at Anchorage Digital, isn’t worried. He believes the gap between Bitcoin and gold indicates the digital asset’s enormous growth potential, not its inadequacy.
The analyst believes that recent Bitcoin price fluctuations were primarily caused by leveraged traders losing their positions. Tens of millions of dollars’ worth of positions were liquidated, leading to a decline in the flagship cryptocurrency.
In the Bitcoin space, and I would say more broadly in the crypto space, we are experiencing a massive deleveraging event that occurred on October 10th and impacted the price of Bitcoin,” he said.
These are specific factors inherent to the structure of the cryptocurrency market that make a direct comparison with gold extremely difficult and even misleading in the short term.
Lovant also noted that Bitcoin It’s still in the process of becoming “gold.” It’s in the process of transitioning from a risky asset to a store of value, and this transformation takes time.
Bitcoin “It’s a potential replacement for gold, but its market acceptance is ongoing. This process could take a long time, because while BTC is going through this transition, the market is recognizing it as the asset it has the potential to become,” he explained.
Despite the fact that the Bitcoin It is considered a risky asset and has been since the beginning of the conflict in Iran. up by approximately 5-10%, making it a 100% risk-free asset, the analyst recalled.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/