While the race between gold and Bitcoin, which is seen as digital gold, continues, gold has recently taken the lead. While gold is running at a record high this year, up more than 15 percent and 40 percent compared to the previous year, due to geopolitical uncertainty, ETF inflows and tariff discussions in the US, BTC is in a downtrend for the same reasons. As gold proves its safe haven narrative, all eyes are on the anticipated rally in Bitcoin. According to Coindesk, ByteTree founder Charlie Morris evaluated historical data on the markets, citing the fact that gold and Bitcoin often move in opposite directions. “Between 2019 and 2020, gold rose while Bitcoin remained stable. In 2021, Bitcoin rallied while gold remained stable. In 2023 and 2024, both assets rose, but in 2025, gold took the lead again,” Morris said. Morris cited “Safe Haven Demand (Geopolitical uncertainties and economic concerns); ETF Inflows (Intense interest in gold exchange-traded funds (ETFs)) and Tariff Discussions (New tariffs introduced during the term of former US President Donald Trump increased interest in gold and US stock markets)” among the reasons for gold's rise. Gold Rises While Bitcoin Struggled, Then The Rally Begins! Noting that gold reached record highs during the period when Bitcoin was struggling, Morris said that historically, gold and Bitcoin have rarely risen together. Citing that Bitcoin typically stagnates during gold bull markets but then rallies afterwards, Morris said the divergence between BTC and gold follows similar trends in past cycles, including 2019-2020 and 2021-2022. Morris described this increase in gold as a “real gold rush” for the first time since 2011. Recalling the historical trends where gold first experienced a rally and Bitcoin followed, Morris said: “Gold is above $3,000, silver is over $24, and gold mining stocks are on the rise. The crypto world has never seen such a rise before. The last time it happened was in 2011, and at that time, Bitcoin was just starting out and it was only $20. Now they're going to see BTC.” *This is not investment advice. Continue Reading: Gold Breaks Record, Bitcoin Falls! Analyst Evaluates Latest Situation: "Historically, Gold Rises First, Then BTC!"
