Why ‘Digital Gold’ Bitcoin Isn’t Rising as Gold Approaches $5,000

Bitcoin ($BTC) dropped below the key $90,000 support zone and traded near $89,588 at the time of writing. The decline followed last week’s brief bullish breakout attempt. On the other hand, gold has reached an all-time high of over $4,900 per ounce at the time of writing. This development further underscores the difference between the two assets, which are commonly equated as stores of value.