According to André Dragosch, PhD, comparing Bitcoin reserves with COMEX gold inventories highlights significant differences in asset distribution and liquidity. COMEX gold inventories provide a substantial backing for futures contracts, ensuring market stability and impacting gold prices directly (source: André Dragosch, Twitter). In contrast, Bitcoin reserves are decentralized, with significant holdings concentrated in a few wallets, influencing market volatility and liquidity differently (source: André Dragosch, Twitter). Traders should consider these structural differences when evaluating investment strategies in these assets.