---
title: "Crypto influencer Ran Neuner questions Bitcoin's store of value thesis after capital fled to gold during market stress; BTC fails its defining test after 12 years."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276282664.md"
description: "Crypto influencer Ran Neuner has raised concerns about Bitcoin's effectiveness as a store of value, noting that during recent market stress, investors preferred gold over Bitcoin. This shift challenges Bitcoin's evolution from \"peer-to-peer cash\" to \"digital gold,\" especially as it was expected to prove its value during economic uncertainty. Neuner's observations highlight the difficulties Bitcoin faces in maintaining its status as a reliable store of value, despite institutional access."
datetime: "2026-02-18T22:32:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276282664.md)
  - [en](https://longbridge.com/en/news/276282664.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276282664.md)
---

# Crypto influencer Ran Neuner questions Bitcoin's store of value thesis after capital fled to gold during market stress; BTC fails its defining test after 12 years.

Popular crypto influencer Ran Neuner recently expressed concerns about Bitcoin's ability to function as a store of value. Neuner noted that during a recent period of market stress, capital moved towards gold rather than Bitcoin, raising questions about Bitcoin's long-held status as a reliable store of value. Bitcoin's transition from being seen as "peer-to-peer cash" to "digital gold," pursued by the community to gain ETF approval and institutional access, was expected to be validated during times of economic uncertainty. However, Neuner observed that when faced with tariffs, currency tensions, and fiscal instability, capital flowed towards gold instead of Bitcoin, despite institutions having unrestricted access to Bitcoin. This shift in the narrative is important as it signifies Bitcoin's departure from its original vision of being a cash alternative and highlights the challenges it faces in asserting itself as a store of value.

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