Delphi Digital, a digital asset market research firm, published an article on its X platform stating that gold prices have risen 120% since the beginning of 2024, marking one of the strongest gains in history. This surge occurred without an economic recession, quantitative easing, or financial crisis. Central banks worldwide purchased over 600 tons of gold in 2025, and purchases are projected to reach 840 tons in 2026. Historically, gold has led Bitcoin by approximately three months at liquidity inflection points, making this trend relevant for cryptocurrencies. Gold has now completed its repricing of the easing cycle, while Bitcoin sentiment remains influenced by previous cycle simulations and recent pullbacks. The performance of precious metals is signaling policy easing and fiscal dominance. When precious metals outperform stocks, the market is pricing in currency devaluation rather than growth collapse. Volatility in the precious metals market may signal the subsequent performance of other risky assets.