#比特币对比代币化黄金 Bitcoin Versus Tokenized Gold: A Detailed Comparison for Institutional Reserve Assets
The debate surrounding the optimal digital reserve asset has intensified, with institutional attention polarizing around two distinct contenders: Bitcoin (\text{BTC}) and Tokenized Gold (\text{XAUT} or similar digital gold representations). While both assets offer potential benefits for diversifying traditional portfolios, their fundamental properties, risk profiles, and roles within the digital ecosystem are starkly different, making the comparison a matter of utility versus digitization. Bitco