Bitcoin Struggles Amid Gold’s Record-Breaking Surge

Despite Bitcoin’s (BTC) recent attempts to establish itself as a safe haven asset, gold has surged to new record highs, fueled by investor demand for the precious metal during times of market uncertainty. New data reveals that gold fund inflows have reached an all-time high of $80 billion year-to-date, exceeding previous records set in 2020. This surge is prompting questions about Bitcoin’s future as a hedge against macroeconomic volatility.