Bitcoin: Digital Gold or Digital Tulips?

Bitcoin has died in headlines more times than we can count—yet today, it still represents roughly half of the entire crypto market. One person calls it “digital gold,” another swears it’s the next tulip mania. You’re holding your phone. Which story do you actually believe—and why?

Scroll through financial Twitter on a volatile day and you’ll see the split-screen narrative in real time: one camp posting long-term price charts, another sharing memes of bubbles popping. Underneath the noise, though, is a quieter question serious investors keep asking: what, exactly, is the role Bitcoin might play in a modern portfolio?

Some treat it like a high-beta tech stock, trading every spike and dip. Others tuck it away for years, the way a musician might stash away a rare synth, betting future artists will covet it even more. Meanwhile, institutions run stress tests: How does Bitcoin behave during inflation scares? Liquidity crunches? Regulatory shocks?