Why Bitcoin stopped following gold

Gold is called “currency of fear.” The fact is that during periods of instability in the financial market, Dragmetall is often growing, since in it many investors see salvation for their capital. Bitcoin is often called “digital gold.” In it, many investors also see the protection of savings. Therefore, often cryptocurrency repeats the movement of precious metalla. At the beginning of 2025, Bitcoin lost a correlation with gold. Changes scared many investors

Experts talked about why Bitcoin stopped repeating gold movements and what changes mean for the market.

Analyst Alexander Ryabinin believes that the death of bitcoin and gold is associated with the status of cryptocurrency. BTC began to be more often evaluated as a highly risk -line asset. At the same time, our interlocutor noted that the correlation of cryptocurrency with the US stock market is higher. The reason is still high volatility, which makes bitcoin attractive to speculation. ETF on BTC, in his opinion, also contribute to speculation.

Rafik Mamin, General Director of Minestream joined the discussion. Our interlocutor believes that the death of bitcoin and gold is an important change in financial markets, which indicates the redistribution of investor preferences and revising the role of these assets.

According to Rafik Mamin, there are several reasons that led to the rebellion of gold and bitcoin:

• Firstly, the reason for the rebellion lies in different reactions of these assets to global economic and financial conditions. Bitcoin, as an asset with high volatility, often reacts to changes in macroeconomics is much stronger than gold. When the US federal reserve system tightens the monetary policy, Bitcoin, unlike gold, faces an outflow of capital, as investors prefer more stable assets. Gold continues to be a priority with institutional investors, especially in the conditions of geopolitical instability and inflationary expectations: many major players are moving into it in the hope of changing the “safe territory”.
• Another of the reasons for the correlation is the change in the views of institutional investors on Bitcoin. Previously, he was perceived as “digital gold”, but recently many began to consider it as a risky asset similar to technological actions. In this context, his behavior is increasingly beginning to resemble the stock market, not the gold market.
• In addition, an important factor in the death is an increase in interest in new digital assets, such as tokens and stablecoins, which also affect the dynamics of bitcoin. Many investors are now inclined to diversify their portfolios taking into account a wider cryptocurrency spectrum.

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