Gold has soared to an all-time high of more than $3,025 per ounce, up more than 15% since the beginning of the year. Meanwhile, Bitcoin lags behind (BTC), down 10% year by year.
Several factors lead to gold rallies, including massive inflows Gold ETF and the traditional role of as a safe haven asset during geopolitical uncertainty.
In addition, discussions on new U.S. tariffs under President Trump have further intensified the US Stocks. Gold’s historic rally has brought its price to a 40% year-on-year increase, far exceeding Bitcoin’s 16% gain.
Historically, Bitcoin often stagnates or falls when gold enters a bull market. Although occasionally rising or falling at the same time, these two assets are rarely connected in series.
Gold experienced strong rally between 2019 and 2020 Q3, while Bitcoin has remained largely flat, matching the 19-year-old pandemic. By contrast, Bitcoin’s stagnant bull run in 2021. By 2022, as global interest rates begin to rise, both assets are under pressure before rebounding in 2023 and 2024. Now, in 2025, the market is witnessing new differences between the two.
Founder of Bytetree Charlie Morris The market has never seen it since 2011, and it is a “proper gold rush”.
“Gold is above $3,000 gold, silver medals above $24, gold stocks gain momentum – to my shock, the cryptocurrency crowd has never seen a real gold rush. The last time it happened was in 2011, when Bitcoin just came out for $20. They will now.”
