Spot gold prices have recently continued to rise and hit new highs, reflecting the heightened risk aversion in the global market due to geopolitical risks and economic uncertainties. This trend typically leads to some traditional funds flowing into safe-haven assets like gold, which may temporarily divert speculative enthusiasm away from the cryptocurrency market. However, in the long term, the strong performance of gold reinforces the consensus that it is an "inflation hedge asset," indirectly encouraging investors to view cryptocurrencies like Bitcoin as "digital gold" for diversification. In market volatility, these two assets are not simply substitutes but jointly reveal a deeper examination of the robustness of the traditional financial system.