In the last three years (2023-2025), the price of gold has seen a significant increase, driven by global economic tensions and inflation, compared to Bitcoin ($BTC ) which has achieved greater gains but is more volatile. In this article, we will compare the rises, discuss which is safer as an investment, and examine the impact of recent U.S. government decisions (such as tariff threats regarding Greenland) on both assets. This analysis is an overview based on historical data,
Rise in the price of gold compared to Bitcoin ($BTC) (2023-2025)
Gold ($PAXG ): Started 2023 at around $1,825 per ounce and ended the year at $2,062 (rise of ~13%). In 2024, it rose to close at $2,624 (rise of ~27%). For 2025, it saw a huge jump of ~65%, closing around $4,337, driven by inflation and geopolitical fears. Today, in January 2026, it exceeds $4,800, representing an overall rise of nearly 160% over the three years.
Bitcoin ($BTC): Started 2023 at ~$16,625 and ended the year at ~$44,167 (rise of ~156%). In 2024, it rose by ~121% to around $94,419 in some estimates. For 2025, it had slower growth of ~18%, closing at ~$87,500, but experienced severe volatility. The overall rise exceeds 425%, but it is riskier due to sharp declines.
Bitcoin ($BTC) outperformed in overall growth, but gold ($PAXG) was more stable, especially in 2025 where gold outperformed (65% vs. 18% for Bitcoin). Gold ($PAXG) is considered a traditional 'safe haven', while Bitcoin ($BTC) is 'digital gold' but more prone to volatility.
Which is safer as an investment?
Gold ($PAXG): Considered safer due to its long history (over 100 years as a reliable asset), low volatility (volatility rate of ~15-20% annually), and protection against inflation and geopolitical crises. It is a tangible asset, not reliant on technology, and preferred for conservatives or retirees (suggest allocating 5-10% of the portfolio, considering market risks).
Bitcoin ($BTC): More risky due to high volatility (can drop 50% in weeks), but offers higher long-term growth as a hedge against declining fiat currencies. Recommended for young investors who can take risks, holding small amounts (3-5%). Experts suggest holding both for balance: gold ($PAXG) for stability, Bitcoin ($BTC) for growth.
Impact of recent U.S. government decisions on the price of gold ($PAXG) compared to Bitcoin ($BTC)
In January 2026, President Trump's decisions, such as the threat of 10% tariffs on 8 European countries (like Germany and France) due to refusal to sell Greenland, led to trade tensions. He also launched a criminal investigation into the Federal Reserve Chair, increasing dollar concerns.
On gold ($PAXG): It reached historical highs (~$4,900), as a safe haven against geopolitical and trade tensions. Gold ($PAXG) benefited from 'selling U.S. assets' and a declining dollar, with a rise of ~3-4% in one day.
On Bitcoin ($BTC): It dropped to below $88,000, then partially recovered to ~$90,000, due to being a risky asset affected by general markets. Despite a strategic Bitcoin ($BTC) reserve being created by the government, trade tensions hurt it more than gold ($PAXG).
Comparison: Gold ($PAXG) outperformed in positive response to tensions, while Bitcoin ($BTC) was negatively affected in the short term, but could benefit long-term from positive regulatory policies.
With the continuous rise of gold ($PAXG) over the past three years, it seems safer for conservative investors, while Bitcoin ($BTC) suits those seeking high growth. Recent U.S. government decisions have bolstered gold ($PAXG) as a safe haven, but both assets carry risks. Remember, consult a financial advisor before investing.
What do you think: Do you prefer gold ($PAXG) or Bitcoin ($BTC) in 2026?
Is gold ($PAXG) safer than $BTC ?