Odaily Planet Daily reports that Grayscale, a digital asset management company, pointed out in its latest report that Bitcoin’s recent decline to around $60,000 resembles a correction in high-growth tech stocks rather than a safe-haven pattern familiar to gold investors. This indicates that Bitcoin at this stage still functions more like an emerging technology asset rather than a mature store of value. Although Bitcoin has features such as a fixed supply and a decentralized network, making it potentially a store of value in the long term, its 17-year history is far shorter than gold’s thousands of years as a currency. Grayscale believes that the advancement of stablecoin and tokenized asset regulation, innovation in blockchain infrastructure, and the development of platforms like Ethereum, Solana, and Chainlink are expected to drive the next phase of adoption for Bitcoin and other crypto assets. Additionally, if Bitcoin can address scalability, transaction fees, and quantum resistance issues, its volatility may decrease, its correlation with the stock market could weaken, and its future performance might resemble “digital gold.” (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: In the past 24 hours, the entire network has liquidated $227 million, with long positions liquidated at $156 million and short positions at $71.47 million.
ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours reached $227 million, with long positions liquidated at $156 million and short positions at $71.47 million. Among these, Bitcoin long positions were liquidated at $57.36 million, Bitcoin short positions at $28.94 million, Ethereum long positions at $49.03 million, and Ethereum short positions at $16.90 million.
GateNewsBot5m ago
Rare Bitcoin Signal Flashes: Could a 220% BTC Rally Follow?
Bitcoin has paused near recent highs, trading south of $69,000 as markets digest a period of consolidation after a volatile move that saw a dip to $60,000 followed by a rally to $72,000. Analysts note that price indicators have shifted into what some describe as a deep-value zone, prompting
CryptoBreaking20m ago
Strategy Will Buy Bitcoin 'Forever', Says Michael Saylor—Even With $5 Billion Paper Loss
Michael Saylor, the chairman of Strategy, commits to buying Bitcoin "every quarter, forever," despite $5 billion in losses. He downplays concerns about potential sell-offs, citing adequate cash reserves and plans to refinance debt if necessary.
Decrypt30m ago
Data: 2012.8 BTC transferred from an anonymous address, routed through a middle address, and then sent to another anonymous address
ChainCatcher message indicates that at 03:23, 2012.8 BTC (worth approximately $139 million) was transferred from an anonymous address (starting with 3G3J...) to another anonymous address (starting with 3GyP...). Subsequently, this address transferred some BTC (1372.8 coins) to another anonymous address (starting with 3Les...).
GateNewsBot35m ago
BlackRock Bitcoin ETF Options Surge, Overtake Gold in Market Volume
BlackRock’s Bitcoin ETF (IBIT) options have surged to new heights, surpassing gold ETFs in both open interest and trading volume. As of February 10, IBIT options reached a total of 7.33 million active contracts, positioning it as the ninth-largest options market in the U.S. This marks a
CryptoBreaking35m ago
Bitcoin, NASDAQ, and Silver Drop Together in Rare Synchronized Market Flush
Bitcoin, NASDAQ, and Silver hit simultaneous lows on the same 5-minute candle at 11:15 am Asia time.
The synchronized selloff resulted from forced multi-asset deleveraging, not crypto-specific catalysts.
Correlations surged temporarily during liquidation,
CryptoFrontNews51m ago
