Although both Bitcoin and tokenized gold are digital assets, their cores are fundamentally different. Bitcoin is a decentralized cryptocurrency with a total supply of 21 million, not backed by any physical asset, highly volatile, and driven by consensus. It is regarded as "digital hard currency." Tokenized gold, on the other hand, is pegged 1:1 to physical gold bars, managed by institutions, its value closely tracks the gold price, and it places more emphasis on risk aversion. The former bets on future consensus premium, while the latter maintains the traditional value baseline; risk preference determines the choice.