As the trade war between the United States and China continues to escalate, the global economy is feeling the impact. And while many investors have turned to Bitcoin as a safe haven asset, it seems that gold is still the go-to choice for many.

In recent weeks, the price of gold has been on the rise, surpassing the $1,500 mark for the first time in six years. This surge in value can be attributed to the ongoing trade tensions between the two economic superpowers, as well as the recent interest rate cuts by central banks around the world.

On the other hand, Bitcoin has not been immune to the effects of the trade war. In fact, its price has been closely following the stock market and even the US dollar, both of which have taken a hit due to the trade tariffs. This has led some to question whether Bitcoin truly has the potential to be a safe haven asset in times of economic turmoil.

While Bitcoin has often been touted as a digital version of gold, it seems that the traditional precious metal is still the preferred choice for investors looking to hedge against market volatility. This is likely due to the fact that gold has a long history of being a reliable store of value, while Bitcoin is still a relatively new and volatile asset.

However, this does not mean that Bitcoin should be written off completely. In fact, some experts believe that the current market conditions could actually be beneficial for the cryptocurrency in the long run. As governments continue to devalue their currencies and investors seek alternative assets, Bitcoin could see a surge in demand and value.

In the end, it is important for investors to carefully consider their options and diversify their portfolios in order to mitigate risk. While gold may currently be outshining Bitcoin, the future of both assets remains uncertain in the face of global economic uncertainty.