Beyond the memes: Understanding the unique roles of gold and Bitcoin
By Barret Wertz
Published on April 17, 2026.
The article discusses the unique roles of gold and Bitcoin in the investment scene, with the focus on understanding the mathematically pure hedge against inflation. For years, the crypto crowd marketed Bitcoin as “digital gold” as a powerful, mathematically-pure hedge. However, the market has since rebuffed this, with inflation in the US increasing significantly. Gold surpassed $3,400 an ounce in 2025 and performed as designed, with Bitcoin closing the year down 5%. However, Fidelity's research desk found that Bitcoin was usually hit harder during the worst months for the stock market. The author argues that while Bitcoin acts like a tech stock that just got an NAD+ injection, it is a high-beta risk asset. The article also notes that while gold is heavy, clunky and slow, while Bitcoin is borderless and instant, apps like SoFiUSD are launching a digital stablecoin backed one-to-one by actual U.S. dollars sitting in a regulated bank.
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