The Real Reason Bitcoin Trails Gold

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Analysts say geopolitical risks and policy uncertainty are pushing investors into metals, while Bitcoin trades like a risk asset.

Gold and silver have continued climbing through December 2025 as Bitcoin (BTC) trades sideways, reflecting a clear split in how investors are positioning across safe and risk assets.

The difference shows a larger change in how the market is acting, with investors choosing precious metals when things are uncertain, while Bitcoin is facing lower activity and weaker demand.

Safe Assets Pull Ahead as Bitcoin Stalls
Recent commentary from XWIN Research Japan described the current setup as a prolonged consolidation phase for Bitcoin following a high-level correction.

Over about three months, the prices of gold and silver have kept pushing higher, while BTC has remained largely range-bound. XWIN analysts attributed this gap to geopolitical tension, policy uncertainty, and expectations for lower real interest rates, conditions that traditionally benefit precious metals with long-standing institutional demand.


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