Gold is not acting like a safe haven, so what does “digital gold” even mean for Bitcoin?

Over the last week, both Bitcoin and gold failed the safe-haven test. Bitcoin is still trading more like a risk asset than “digital gold,” while gold has also failed to behave like a clean geopolitical hedge as higher yields and inflation fears overrode the usual flight-to-safety bid. To start the week, Bitcoin rebounded to about $70,508 after falling as low as $67,436 earlier in the day, while gold was still trying …