Canadian Billionaire: Bitcoin and Gold are Distinct Assets

Canadian billionaire Frank Giustra makes the case for distinct functions between Bitcoin and gold, arguing against direct comparisons. He contends that Bitcoin has never traded like gold, emphasizing its contrasting behavior during market volatility. Giustra highlights that investors flock to gold as a safe haven during economic uncertainty, while Bitcoin’s performance often reflects risk appetite. According to Giustra, this suggests the two assets are fundamentally different.