The debate over Bitcoin's role as a store of value has intensified in 2025, driven by macroeconomic changes and institutional interest. While traditionally gold has been the go-to asset for hedging against inflation and geopolitical risks, Bitcoin's scarcity and decentralized nature have prompted discussions about its legitimacy as a store of value. In June 2025, the iShares Bitcoin Trust ETF (IBIT) experienced $1.02 billion in inflows, but by November, it faced $24.7 billion in redemptions as Bitcoin's price fell to a seven-month low of $83,461. Despite this volatility, Harvard Management Company allocated $116.7 million to IBIT and $101.5 million to the SPDR Gold Trust in Q3 2025, indicating a diversified investment approach. During this period, Bitcoin's price surged from $75,000 to $123,000, surpassing gold's increase to over $3,400 per ounce. Analysts suggest that Bitcoin and gold may serve complementary roles depending on the economic landscape.