Recently, friends in the crypto circle may have noticed: the market value of on-chain gold has exceeded 4 billion USD, and investors are starting to reduce their holdings #BTC and turn their attention to #黄金 . Why is this happening? Let's investigate.
Gold is strong, Bitcoin is struggling 📈📉
According to data from the World Gold Council, the trading volume of on-chain tokenized gold has already exceeded 4 billion USD! This demand has directly driven up gold prices, while Bitcoin's performance has been somewhat weak.
Although there has been a capital outflow from Bitcoin ETFs, the Long-Term Holder (LTH) trust fund's investment in gold is also decreasing, but the inflow of funds into gold ETFs remains strong. As a result, by 2025, the ratio of Bitcoin to gold is expected to decrease by nearly 50%.
Simply put: Investors tend to prefer stable and predictable assets during uncertain times, gold has become the new safe-haven star, while Bitcoin is under pressure in the short term.
Why do investors prefer gold? ⚖️
NoOnes CEO Ray Youssef recently pointed out in an interview with AMBCrypto: “The price of gold continues to rise, and investors' interest in safe-haven assets is increasing, which puts downward pressure on Bitcoin.”
In simple terms: everyone is rethinking the ownership of safe-haven assets, gold is firmly on the stage, while Bitcoin is temporarily 'neglected'.
The rise in gold is not speculation, but is supported by structural factors:
Global debt is high
Yield continues to decline
Central banks around the world are increasing gold reserves
In this environment, gold has become the preferred tool to cope with policy uncertainty.
Price comparison, market sentiment is clear at a glance 💎🔥
Gold has risen to $4,300 per ounce
Silver has broken through $60 per ounce
Bitcoin has fallen from $110,000 earlier to about $88,000, with momentum hindered
It can be seen that investors tend to prefer 'steady happiness' during volatile periods, making it difficult for the crypto market to compete in the short term.
Summary: Safe-haven assets are changing positions 🎯
On-chain gold trading is active, prices are firm, Bitcoin is under short-term pressure, and the ratio of Bitcoin to gold has decreased by 50%, indicating that the definition of safe-haven assets is changing.
In summary: stability is key, gold is becoming the new darling of safe havens, while Bitcoin can only 'watch from the sidelines' for now.
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