Gold rises by 7%, Bitcoin drops by 17%? How big is the difference between safe-haven assets and risk assets amid geopolitical tensions

[Crypto World] Recently, as the geopolitical situation has changed, an interesting phenomenon has emerged: gold surged over 7%, reaching a record high, while Bitcoin declined nearly 17% in the opposite direction. What does this reflect? Industry insiders point out that the two are entirely different in scale. Gold has always been a “safe haven” during economic uncertainty, with prices inversely related to risk. Although Bitcoin is touted as digital gold, it is fundamentally a risk asset, and market sentiment fluctuations often cause it to fall along with other risk assets. This contrast is quite straightforward—when investors start to fear, they tend to sell risk assets first to buy gold. Bitcoin’s performance at this moment often resembles that of highly volatile stocks. Therefore, if you want to understand Bitcoin purely through the logic of gold, you might need to reassess the market roles of both.