Gold hits all-time high, leaves bitcoin behind in 2025 rally
Gold achieved another milestone in its battle with bitcoin (BTC) today when, despite a 14X size difference, it not only rallied more than its digital rival in 2025, but also outperformed over the past 12 months . Indeed, gold hit an all-time high of $4,381 per ounce — a rally of 60.5% above its price 12 months ago. BTC, meanwhile, managed a 60% increase and sits 15% below its own peak. Polymarket traders remain bearish on BTC for the final days of October, too. The highest odds rate for a price that the asset will reach by Halloween is $100,000 at 42% betting odds. On Kalshi, a competing binary options betting marketplace, traders are accepting bets at 64% odds that BTC will fall below $100,000 this year. CHART: Trump’s second term has been better for gold than bitcoin Read more: Standard measure of bitcoin-gold correlation goes to zero Bitcoin was supposed to be digital gold. What happened? Gold holds the wealth of many nations and has served...