Why Bitcoin's Failing Its Role As A 'Safe Haven' Versus Gold
by Tyler Durden
Tuesday, Jan 27, 2026 - 01:55 AM
Authored by Francisco Rodrigues via CoinDesk.com,
This makes bitcoin behave more like an “ATM” during periods of panic, undermining its reputation as digital gold, according to NYDIG’s Global Head of Research, Greg Cipolaro.
“Under periods of stress and uncertainty, liquidity preference dominates, and this dynamic hurts bitcoin far more than gold,” Cipolaro wrote.
“Despite being liquid for its size, bitcoin remains more volatile and reflexively sold as leverage is unwound. As a result, in risk-off environments, it is frequently used to raise cash, reduce VAR, and de-risk portfolios regardless of its long-term narrative, while gold continues to function as a true liquidity sink,” he added.
Large holders aren’t helping either.
Central banks have been buying gold at record levels, creating strong structural demand. Meanwhile, long-term bitcoin holders are selling according ot NYDIG’s report.
Link :-
https://www.zerohedge.com/crypto/why-bitcoins-failing-its-role-safe-haven-versus-gold