2025-12-28 11:24:27

This year's performance differences between gold and Bitcoin are indeed worth pondering.

The numbers are clear: gold is expected to increase by nearly 70% by 2025, and the price has already surpassed a historical high near $4,500 per ounce. The main drivers are rising geopolitical tensions and expectations of rate cuts, with institutional investors and central banks actively positioning themselves. In contrast, Bitcoin has retreated about 6% from its early-year high and is now oscillating between $87,000 and $90,000, showing more risk asset characteristics and closely linked to the stock market. When liquidity is under pressure, it is easily sold off.

This outcome is somewhat surprising. There has been a saying in the market that Bitcoin is "digital gold," based on the logic that it should offer better protection in uncertain environments. But this year's gold performance clearly tells us: when real risk events occur, investors still trust tangible assets that have been validated over thousands of years.

The theoretical advantages of Bitcoin are quite obvious—its features like infinite divisibility, fast transfer and settlement, and fixed supply are all things gold cannot do. The problem is that it is highly sensitive to macro liquidity conditions. When market risk appetite declines and funding tightens, Bitcoin’s high-beta nature becomes apparent, similar to the pattern seen with growth stocks.

However, from another perspective, Bitcoin’s long-term story is still ongoing. Institutional adoption continues to accelerate, and related ETF products are still seeing inflows, indicating that from a strategic allocation standpoint, large funds still recognize this asset. But in the short term, this round of market performance has indeed favored gold.

The current question is: who will be the last to laugh in this "war"? The answer may depend on how the macro environment evolves. If liquidity remains tight, gold’s advantage might persist; but once risk appetite rebounds, Bitcoin’s rebound potential could be even stronger than gold.

BTC0.34%

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GasFeeCrybaby

· 11h ago

Gold 70% increase, Bitcoin is still fluctuating... Honestly, I'm a bit overwhelmed. It feels like the crypto market is being beaten by liquidity. Digital gold? Laughs. In truly dangerous times, you still have to rely on those ancient artifacts that are thousands of years old. We overestimate ourselves too much. In the short term, gold has won, but don't rush to give up. Institutions are still quietly buying BTC. This story is far from over. Once risk appetite rebounds, Bitcoin's rebound potential could be even greater? Let's hope so. For now, we're mainly waiting for the day liquidity loosens. High Beta is like this: flying high when it's good, jumping off the building when it's bad. Who made us choose this path?

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FromMinerToFarmer

· 11h ago

This wave of gold is truly incredible, with a 70% increase crushing Bitcoin. It seems faith in ancient assets is still strong. Digital gold? Uh... right now it just looks like high-beta trash. Bitcoin theoretically outperforms gold, but in reality, it reveals its flaws with every dip. Still too young. When liquidity loosens, Bitcoin's rebound should outshine gold in seconds. Betting on that. Honestly, it's all about macroeconomics. Winning now doesn't mean winning forever. The continuous inflow into institutional ETFs shows that big funds haven't given up on BTC and remain optimistic in the long term. Gold has maintained trust for thousands of years, while Bitcoin's story is only a few years old. The gap is indeed significant. Here's a counterquestion: when risk appetite truly rebounds, whose rebound potential is more outrageous? People chasing gold now probably regret not jumping on BTC earlier.

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On-ChainDiver

· 11h ago

Grandpa Gold is still stable, but the crypto market has indeed been a bit disappointing this wave --- Digital gold? Ha, it now looks more like digital stocks --- To put it simply, liquidity still rules. Wait until risk appetite returns to see --- Institutions are hoarding coins, retail investors are selling off, this is the current situation --- The central bank and big funds trust gold, what does that mean --- In the short term, gold won, but Bitcoin's rebound is also quite fierce. It all depends on what happens next --- Physical assets have a centuries-old credibility that can't be easily replaced by new things --- High beta is just high beta. When risk comes, it’s the first to be abandoned. Is this fate? --- When liquidity is tight, you see clearly. Bitcoin does not have a safe-haven attribute --- ETF continues to attract funds, but it can't withstand short-term declines. Irony

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JustAnotherWallet

· 11h ago

Gold has risen 70%, while Bitcoin is still fluctuating, indicating that the crypto world is still too young and too naive.

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