Bitcoin struggles to be ‘digital gold’ as scared investors choose real gold instead

Quick Summary:

The composite price of gold is up 16% since January 1 while Bitcoin is down almost 14%.

Meanwhile, gold’s composite price has dropped only 3% to $3,039 as of Friday afternoon, according to data from Refinitiv.

The cryptocurrency’s correlation with the broader stock market mirrors past dips.

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Article Details

Author / Journalist: Ben Weiss

Category: EconomyBusiness

Markets: United States

Topics: Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 18:29:31 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 78 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27673944

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 80 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #95

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