#比特币对比代币化黄金 Tokenized gold sounds good, but the problem lies with the issuer—who can guarantee that they’re always holding the corresponding amount of gold? With these kinds of financial schemes, the risk of the operators running off with the money is always the biggest variable. To put it bluntly, credit risk is always hanging over your head. In contrast, $BTC is different; it truly belongs to you and doesn’t rely on any third party. Plus, Bitcoin has already achieved widespread consensus and its recognition is on par with, if not better than, gold. From this perspective, the road to tokenizing crypto assets still has a long way to go, and the risk management isn’t nearly as reassuring as simply holding native blockchain assets directly.