Bitcoin's 'Digital Gold' Comparison Falters Once More

The CEO of analytics firm CryptoQuant has stated that Bitcoin can no longer be compared to 'digital gold', as the correlation between the two has significantly diverged in recent months. This divergence became apparent when the price performance of both Bitcoin and gold were examined, with Bitcoin breaking into the red for the first time in years following the 2024 US Presidential elections, while gold began to catch up and even outperform Bitcoin. The cryptocurrency market suffered a major blow in October 2025, leading to Bitcoin's significant value drop and inability to recover to its previous heights. On the other hand, gold has consistently maintained its value and reached a new all-time high, with its market cap now 30 times larger than that of Bitcoin.