PRECIOUS METALS | Gold Rallies Amid Record Global Money Supply, Bitcoin Remains Subdued

Global broad money supply reached a record $144 trillion in December 2025, fueling a strong rally in gold as a traditional hard asset. According to NS3.AI, Bitcoin, often seen as digital gold, has experienced volatile price action and has not benefited similarly due to its dual role as both a hard currency and a speculative asset. The divergence stems from weak speculative appetite despite ample liquidity, which has kept Bitcoin’s performance subdued while gold continues to rise.