Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status?

[michellee]

Bitcoin and gold have its risk but bitcoin is not the same as gold although bitcoin can be a hedge like gold. Bitcoin has volatility and will still like that in the future but bitcoin can prevent the money value down because bitcoin price can increase so if people have bitcoin for the investment, people will make a profit in the future. That will be the same as gold because if people have gold, they can see their money value will increase following the price. At least, people can see the money value is not going down while they saving their money in bitcoin form.