Gold Diggers! 💰 Is Bitcoin Officially Over? 💀

by

Okay, buckle up, buttercups! Here’s your news, rewritten with a dash of my signature wit and a sprinkle of “I can’t believe this is my life” cynicism. 😉

<a href="https://investment-policy.com/gold">Gold</a> Diggers! 💰 Is <a href="https://usdaed.com/btc-usd/">Bitcoin</a> Officially Over? 💀

So, apparently, Bitcoin (BTC) is facing an uphill battle in 2025. Like, a *really* steep hill. Think Everest, but paved with shattered dreams and questionable investment choices. Gold fund inflows are circling $80 billion. Yes, BILLION. It’s enough to make a girl consider ditching her day job and becoming a prospector. ⛏️

Data from Bank of America (BoA) – because who else would have this intel? – was uploaded to X (still calling it Twitter is too mainstream) by The Kobeissi Letter (sounds like a spy novel, doesn’t it?). It confirms gold’s “best streak” since 2013. Translation: Gold is having a moment. Bitcoin is… not.

Gold beats records as Bitcoin ETFs slump

As the US trade war (still happening, folks!) sees investors flee to gold like it’s the last lifeboat on the Titanic, Bitcoin has lost the limelight as a hedge against macroeconomic volatility. Macroeconomic volatility? Sounds like my dating life. 😩

BoA figures show inflows to gold funds beating records. Meanwhile, data from CryptoMoon Markets Pro and TradingView (yes, those are real things) capture new all-time highs for XAU/USD near $3,300 per ounce on April 16. I don’t even know what XAU/USD *is*, but it sounds expensive. 💸

“Gold fund net inflows have hit a record $80 BILLION year-to-date. This is 2 TIMES more than the previous high set in the full year 2020,” Kobeissi noted. Because apparently, we’re all keeping track of this. 🙄

“Investors are pouring money into gold at a record pace as the market uncertainty has skyrocketed. As a result, gold prices have rallied 22% year-to-date and have outperformed every other major asset class.”

BTC price action, by contrast, paints a very different picture. Think Jackson Pollock painting vs. a toddler scribbling with crayons. Despite the appearance of the US spot Bitcoin exchange-traded funds (ETFs) and growing global integration, BTC/USD reached five-month lows earlier in April. Ouch. 🤕

Data from onchain analytics platform Glassnode (sounds like a villain’s lair) calculates that the ETFs’ combined assets under management fell from $106 billion at the start of the year to $92 billion this week. Someone’s getting fired. 🔥

“Gold prices have also hit 52 all-time highs over the last year, posting the best streak in 12 years,” Kobeissi concluded. It’s like gold is having a never-ending party, and Bitcoin wasn’t invited. 🎉

“Gold is the global safe haven.”

Gold “terminal top” meets Bitcoin bulls

Despite its repeated new records, however, market commentators already see gold’s unprecedented upside coming to an end. Like a rom-com where you *know* the couple is going to break up in the third act. 💔

Addressing the topic on X this week, veteran trader Peter Brandt called a “blow-off top” on XAU/USD. Which, let’s be honest, sounds vaguely inappropriate. 🤭

“Gold has now entered its blow-off stage,” he summarized.

“Such rapid advancement will come to a terminal top, but attempting to pick a high can be very expensive. Blow off tops can extend well beyond a bear’s ability to meet margin calls.”

A gold comedown may well leave room for Bitcoin to catch up, per a popular theory that says that BTC/USD copies gold trends with a delay of several months. So, Bitcoin’s just a slow learner, got it. 🐢

Great chart from my Partner, David Foley.
Shows how Gold moves first, Bitcoin follows harder. Scale different for each.@DAAF17

— Lawrence Lepard (@LawrenceLepard) April 13, 2025

“Nobody really knows why that happens,” Professional Capital Management founder and CEO Anthony Pompliano told CNBC on April 15. Because let’s face it, nobody *really* knows anything. 🤷‍♀️

Pompliano suggested that traditional financial entities were either unauthorized or simply “not used” to the idea of Bitcoin as protection against macro uncertainty. Maybe they just prefer gold’s classic charm. 🥂

“What we do see though is that when gold runs, about 100 days later or so, Bitcoin not only catches up; it usually runs much harder, and so you get that higher volatility,” he said. So, Bitcoin’s like that friend who’s always late to the party but makes a grand entrance. 💃

I hope that’s up to your standards! 🎭

Read More

2025-04-16 11:27