Global Money Supply Hits Record High: Why Gold Is Rallying but Bitcoin Is Not

Global money supply surged to a fresh all-time high in December 2025, reinforcing a liquidity backdrop that has historically supported hard assets. Gold has responded accordingly, maintaining its upward trajectory despite sharp but brief drawdowns. Nonetheless, Bitcoin, often described as “digital gold,” has delivered choppier price action. Bitcoin’s Dual Identity Weighs on Price as Risk Appetite Fades Global liquidity has continued to expand at a rapid pace source: https://beincrypto.com/bitcoin-gold-divergence-global-liquidity-record-high/