Why can't Bitcoin follow gold's record high?... ”Macroscopic uncertainty”

Unlike gold, which has reached a new record high, the price of Bitcoin, also known as "digital gold," has not been able to keep up with the rising trend of gold. Some have argued that this is due to "macroeconomic uncertainty."
According to the report, the overseas cryptocurrency media Decrypto cited several industry experts as saying that the price of physical gold had risen to 2,529.1 per ounce.
Although it hit a record high of $1 (approximately 370,000 yen), the price of Bitcoin is still about 17% lower than its declared price (ATH) in March, "This is due to macroeconomic uncertainty," the report said.
In relation to this, Adam Morgan McCarthy, an analyst at Kaiko, said, "The macroeconomic uncertainty has limited investor inflows into Bitcoin," and "(The Middle East
The same was true in April, when the dispute over the stock market intensified. "Investors tend to choose stocks more during periods of market stress."
Greg Magade, director of derivatives at AmberData
"There is a certain degree of correlation between gold and Bitcoin, but this is likely due to the changing situation of the US presidential election," said Finney. "Furthermore, Ha Ri Su's presidential election
"Despite the increased odds of winning, investors bet on a regulatory environment that is not very crypto-friendly."