In 2025, the price dynamics of Bitcoin and precious metals diverged: according to experts, Bitcoin spent the past year in a "stagnation phase," while gold and silver reached historic highs. Gold and silver hit new records on December 27, 2025, whereas Bitcoin noticeably retreated from its October peak. These facts provide a basis for discussing asset correlation, market sentiment, and expectations for the coming year.
Analysis of Current Bitcoin and Gold Price Trends
Lyn Alden noted that the stronger Bitcoin-to-gold ratio this year is explained by Bitcoin spending the year in a "stagnation phase," while gold experienced one of its most successful years. Meanwhile, gold and silver reached historic highs on December 27, 2025, boosting investor interest in metals. At the same time, Bitcoin fell nearly 30% from its all-time high of $125,100 on October 5, 2025, reflecting weaker short-term dynamics for the cryptocurrency.
Expert Opinions on Bitcoin and Gold Correlation
Market participants offer varying explanations for the observed correlation. Lyn Alden emphasized that both assets have their own long-term structural histories and are not necessarily direct competitors, which affects how their joint movements are interpreted. Some market players argue that gold’s rise could push Bitcoin higher — for example, MN Trading Capital noted a connection between gold and BTC price movements.
For a detailed analysis of the changing price ratio, see the article on the Bitcoin to Gold ratio, while the comparison of gold and Bitcoin as safe havens is discussed in the review Gold vs Bitcoin. Additionally, the article which is better as a store of value offers useful insights by comparing the core arguments of both sides.
Market Indicators and Forecasts
Sentiment indexes show a significant divergence: the "Fear and Greed" index for gold registered 79, indicating "Greed," while the index for cryptocurrencies stood at 24, meaning "Extreme Fear." This gap reflects differing levels of positive perception of the two asset classes among market participants. At the same time, industry representatives discuss macro factors: comments highlighted expectations of a Fed policy easing in 2026, dollar weakness, and geopolitical factors as drivers of volatility in thin markets.
Some crypto industry leaders anticipate a trend reversal for Bitcoin next year — for instance, Matt Hogan from Bitwise stated that "2026 will be a successful year for Bitcoin." These views contrast with the current "extreme fear" sentiment in the crypto segment and provide a basis for discussions about the asset’s prospects.
Why This Matters
If you mine with 1 to 1,000 devices in Russia, understanding the sentiment differences between gold and Bitcoin helps assess liquidity markets and demand for liquid assets. At the same time, growing interest in gold does not necessarily harm Bitcoin’s prospects — experts point to different structural histories of the assets, and Bitcoin’s current weakness does not imply a lack of long-term demand. Finally, expectations of improved sentiment in 2026 may influence decisions to hold or sell accumulated cryptocurrency.
What to Do?
Recommendations for miners are simple and practical: first, evaluate your operational buffer and liquidity needs to withstand price downturns. Avoid making strategic decisions based solely on short-term price fluctuations; consider current market sentiment and your personal holding horizon. If you transfer cryptocurrency hardware to exchanges or keep proceeds in fiat, plan actions in advance to avoid selling during moments of "extreme fear."
Technically: check electricity costs and mining profitability, maintain reserves for emergencies, and document a response plan for significant price movements. These straightforward steps will help maintain business resilience regardless of how gold and Bitcoin prices develop in the near future.