#比特币对比代币化黄金 , to be honest, I would choose BTC without hesitation.

Why do some people struggle with this choice? If you want to allocate assets to gold, isn’t it easier to just use traditional financial channels? The convenience of trading is right there, and more importantly—the market depth is sufficient. One big order won’t crash the price.

Tokenized gold is indeed pegged to the spot price of physical gold, which sounds great. But where’s the problem? The on-chain liquidity is too thin. Do you remember the market turmoil on 10/11? Many people holding these kinds of assets couldn’t find a counterparty to sell to, and those wanting to buy the dip found there wasn’t enough depth. That’s a real example of liquidity drying up.

Liquidity is like the air you breathe. You don’t notice it until you really need it—and then you realize that without it, you can’t do anything. When the market can’t absorb trades, even the best assets can turn into a hot potato. So if you’re playing in the crypto market, you still need to prioritize mainstream tokens that have been tested by the market and have sufficient trading depth.