In 2025, gold had a standout year, closing up over 55% and hitting an all-time peak above $4,370 per ounce. Meanwhile, Bitcoin experienced a sharp decline, falling more than 30% from its October peak near $126,200. Central banks held more gold than U.S. Treasury bonds for the first time in decades. Gold’s appeal was driven by geopolitical tensions, falling interest rates, and central bank buying, while Bitcoin’s “digital gold” narrative crumbled under pressure, leading to a bear market. The contrast between gold and Bitcoin highlighted a shift in investor psychology.

Read more at Yahoo Finance: The Great Divergence of 2025