According to CoinDesk, gold has reached a new all-time high, surpassing $3,025 per ounce, marking an increase of over 15% since the beginning of the year. This surge is attributed to several factors, including significant inflows into gold exchange-traded funds (ETFs) and its enduring role as a safe-haven asset during times of geopolitical uncertainty. In contrast, Bitcoin (BTC) has experienced a decline of 10% year-to-date.
The discussions surrounding new tariffs in the United States under U.S. President Donald Trump have further fueled demand for U.S. equities, contributing to gold's historic rally. Over the past year, gold's price has increased by 40%, significantly outpacing Bitcoin's 16% gain. Historically, when gold enters a bull market, Bitcoin often stagnates or declines, as the two assets rarely move in tandem. However, there are occasional periods when both rise or fall simultaneously.
Between 2019 and the third quarter of 2020, gold experienced a strong rally while Bitcoin remained largely flat, coinciding with the COVID-19 pandemic. In contrast, Bitcoin saw its bull run in 2021 while gold stagnated. By 2022, as global interest rates began to rise, both assets faced pressure before rebounding in 2023 and 2024. Now, in 2025, the market is witnessing a renewed divergence between the two. ByteTree founder Charlie Morris has described this gold rally as a "proper gold rush," a phenomenon not seen since 2011. He noted that the current market conditions, with gold above $3,000, silver above $24, and gold stocks gaining momentum, are reminiscent of the last significant gold rush in 2011, when Bitcoin was just emerging at $20.
Alex
