#加密市场观察 The story of Bitcoin as "digital gold" is facing unprecedented challenges.
Recently, its performance has lagged far behind gold and silver, showing no hedge value amid geopolitical tensions.
Institutions like Citigroup also pointed out that its so-called inflation hedge function is merely coincidental, with prices mainly supported by liquidity and risk appetite, having no lasting correlation with geopolitical situations or the US dollar trend.
A research report from JPMorgan shows that since early 2026, global funds have been flowing massively into stocks and precious metals markets, w