Gold Surpasses $3,025 Per Ounce, Bitcoin Declines 10% Year-to-Date

Gold has reached an all-time high of over $3,025 per ounce, marking a 15% increase since the start of the year. In contrast, Bitcoin is down 10% year-to-date.

Key factors for gold's performance include:

• Significant inflows into gold ETFs
• Gold's role as a safe haven during geopolitical uncertainty
• Potential new tariffs under President Trump affecting U.S. equities

Gold's price has risen by 40% year-over-year, compared to Bitcoin's 16% gain. Historical trends show that when gold enters a bull market, Bitcoin often stagnates or declines.

Recent observations indicate:

• Between 2019 and Q3 2020, gold rallied while Bitcoin remained flat.
• In 2021, Bitcoin surged as gold stagnated.
• Both assets faced pressure in 2022 but rebounded in 2023 and 2024.
• A divergence between gold and Bitcoin is re-emerging in 2025.

Charlie Morris from ByteTree noted this gold rally as a "proper gold rush," reminiscent of 2011 when Bitcoin was just emerging at $20.