Gold and Silver Outperform Bitcoin as 2025's Go-To Assets Amid Paper Money Debasement Fears
In 2025, gold and silver significantly outperformed Bitcoin as investors sought protection amid concerns over paper money debasement. Gold surged approximately 70%, while silver soared about 150%, contrasted with Bitcoin's decline of roughly 6%.
Gold has maintained its position above the 200-day moving average for nearly 550 consecutive trading days, marking the second-longest streak on record since the post-2008 period. This sustained level of support is highlighted by technical analysis from The Kobeissi Letter, which identifies the long-run 200-day SMA as a key factor fueling gold's rally.
Analysts attribute the strong demand for gold and silver as store-of-value assets to expectations of fiat currency devaluation driven by accommodative monetary policies and large fiscal deficits. Meanwhile, Bitcoin's price rally earlier in the year peaked at around $126,000 in October but has since traded below $90,000.
Some Bitcoin advocates remain optimistic, expecting the cryptocurrency to catch up with gold in 2026, following a historical pattern of lagging before rallying. Reflecting mixed market sentiment, Polymarket traders assign about a 40% probability that Bitcoin will be the best-performing asset next year, with gold rated at about 33% and equities at 25%.
