According to the source, Gemini CEO Tyler Winklevoss said Bitcoin is Gold 2.0, reinforcing the digital gold thesis that frames BTC as a macro hedge. Source: Tyler Winklevoss public statement. Institutional research characterizes Bitcoin as a scarce monetary asset with a fixed 21 million supply, supporting the store of value trade framework used by market participants. Source: Fidelity Digital Assets, Bitcoin First report. For positioning, traders track BTC to gold correlation, which reached multi‑year highs during risk‑off periods in 2022 and is a key gauge when the digital gold narrative trends. Source: Kaiko Research, 2022 correlation analysis. BTC has historically shown an inverse relationship with US real yields, so monitoring TIPS implied real rates helps assess pressure on the store of value trade. Source: Coinbase Institutional research, 2023 macro commentary. Relative momentum can be measured via the BTC to XAU ratio using CME CF Bitcoin Reference Rate alongside COMEX Gold benchmarks, with live charting available on major market data platforms. Sources: CME Group benchmarks and TradingView market data.