Bitcoin has officially taken first place this year, who has been in front of $ 123,000 and recorded its highest weekly fence at $ 119,500. With a gain of 30% so far in 2025, it has now outclassed gold, which has increased by around 27%.
It’s a great moment for the crypto. But that also raises serious questions.
According to Charlie Bilello, chief market strategist at Creative Planning, this is the first time that Bitcoin and Gold have been the two best workers of any calendar year. “We have never seen these two in places number one and number two,” he noted.
When bitcoin and gold lead the markets, it generally means that something else happens.
A jump of $ 15,000 since July 3: what started it?
The latest Bitcoin rally began after the United States adopted the “Big Beautiful Bill” on July 3, adding almost $ 15,000 at its price in a few days.
But the real driver behind this movement is deeper. Investors react to a mixture of high American interest rates, a weakened dollar, delayed prices and an increase in geopolitical tensions.
In the past six months:
- The dollar index (DXY) fell by 11%
- The American deficit reached a 316 billion dollars record in May
- And tensions with countries like Iran have led to new military strikes
It is not a classic bull race. This is what some call the “crisis mode”. This is how Kobeissi’s letter described it and signs seem to support this.
What Bitcoin and Gold’s Rise says about the economy
Bitcoin and gold are considered unproductive assets – which means that they do not generate income such as actions or real estate. When these assets surpass, he often reflects fear, not confidence.
Bilello stressed that this type of rally generally does not occur in a strong economy. Instead, this shows that investors withdraw from traditional markets and move their money in a safer place.
Bitcoin or gold? Here is where investors are running now
Bitcoin has often been compared to gold with high arguments advanced for both. Now Bitcoin seems to be better performing and becoming the unmissable choice in times of uncertainty.
But here are the main ones to remember: both are increasing because people are worried. This is the signal behind the wave. And at the moment, this image shows that investors preparing for a more difficult time to come.
