Gold has surpassed Bitcoin as the preferred store of value during recent market volatility, according to Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. McGlone highlights gold's resurgence as a stable asset, contrasting with Bitcoin's 2.3% price decline. Despite this, Swan analysts maintain that Bitcoin is not in a bearish phase but is transitioning from early adopters to institutional investors. They suggest that institutional buying could lead to a future price recovery for Bitcoin, while gold is anticipated to retest the $4,360 level.