Gold and Bitcoin Emerge as Parallel Safe Haven Assets in 2024

According to PANews, OKG Research has analyzed that in 2024, gold demand will continue to be driven by traditional uses, with jewelry accounting for 44% and central bank purchases making up 23%. Investment in gold is expected to constitute only 26%, while ETFs, used as short-term hedging tools, have experienced increased volatility and have been in net outflow since the second quarter of 2022. In contrast, Bitcoin is gradually gaining acceptance among institutions, leveraging its on-chain self-custody, global liquidity, and brand effect to become a new type of digital safe-haven asset. While gold serves as a trust anchor in the old system, Bitcoin is building a decentralized new reserve channel. Together, they are forming parallel safe-haven pathways, offering a "dual-track safe harbor" configuration for global capital.