The status of safe-haven assets in the market relies on "belief stockpiles."

Every time conflicts escalate, gold automatically triggers a "safe-haven mode." The thousands of years of belief stockpiles are there, and no one can take them away. Bitcoin, with just over a decade of history, still wants to challenge this market position, which is somewhat "youthful and ambitious."
But youth also has its advantages. Gold has high liquidity but is not as convenient for cross-border transfers; Bitcoin can be transferred globally in seconds. Especially in regions with capital controls or unstable financial systems, BTC's advantages are amplified. This is one of the key reasons it is called digital gold.

The key lies in consensus. Gold's consensus comes from the history of civilization, while Bitcoin's consensus comes from technological revolution. As the younger generation gradually becomes the main investment group, they are more accustomed to digital assets rather than physical gold bars. Over the next few decades, asset preferences may undergo structural changes.
Of course, reality is harsh. As long as BTC still declines along with tech stocks during market panic, it will be difficult to fully secure its safe-haven status. But if in future crises it can demonstrate independent trends, then "digital gold" will no longer be just a marketing slogan but a market consensus.
So the current question is not "whether" but "when." Market dominance is never self-proclaimed; it is earned through waves of turbulence. SBTC
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