Some observers have taken note different performance of bitcoin and gold as a measurement of the maturity of each asset. Gold, traditionally seen as a risk-off asset, rose 0.8% after Iran’s attack on Israel while BTC lost 4%, despite being often referred to as a digital form of gold. “Gold is a much more mature asset, with a 5,000 year history as a store of value, so there is not much room left for additional network effects,” Presto Research said. “BTC [has] only 15 years history. This means gold is in the early stages of mainstream adoption, and the narrative is still poorly understood.” At the time of writing, gold was down 0.3% in the last 24 hours at $2,652.56 per ounce.
