PANews December 28 News, according to Yahoo Finance, gold and silver once again broke historical records this week, demonstrating a strong bullish trend in precious metals. However, this has been a blow to cryptocurrency investors, as Bitcoin, once dubbed “digital gold,” has fallen 6.25% this year after reaching a historic high, and Ethereum has declined by 12%. The overall sentiment in the cryptocurrency market is very bearish, even dragging down the stock prices of crypto asset management companies.
Louis Navellier, founder of investment advisory firm Navellier & Associates, pointed out that gold prices have increased by nearly 70% by 2025, while most cryptocurrencies continue to decline. He suggests that cryptocurrency investors should consider shifting to gold, emphasizing its advantages such as central bank purchases, lower volatility, and improved liquidity. Meanwhile, well-known investor Peter Schiff posted on X platform that if Bitcoin does not rise when tech stocks go up, and also does not rise when gold and silver increase, then it may never go up.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fidelity Investments: Bitcoin testing long-term support—are bullish divergences signaling a potential base being formed?
Fidelity Investments’ chief macroeconomic officer, Jurrien Timmer, analyzes Bitcoin’s price action and believes it is finding support in the $65k to $70k range, showing strong technical signals. Bitcoin is currently at relatively low levels versus the power-law support line and the Golden Ratio Z-score, which could be setting up a bullish divergence. If it can hold steady, the market may correct and rebound, but investors need to watch out for inflation and liquidity risks.
ChainNewsAbmedia10m ago
Here's what 'cracking' bitcoin in 9 minutes by quantum computers actually means
Google's Quantum AI team said earlier this week that a future quantum computer could derive a bitcoin private key from a public key in roughly nine minutes. The number ricocheted across social media and spooked markets.
But, what does it actually mean in practice?
Let's start with how bitcoin
CoinDesk12m ago
Saylor calls for buying Bitcoin on Good Friday when BTC is around $67,000
Michael Saylor continues to urge Bitcoin purchases despite BTC trading around $67,000, below his average cost of $75,694. While facing mixed reactions, his long-term belief in Bitcoin remains firm, promoting accumulation during market corrections.
TapChiBitcoin15m ago
What does it mean that Bitcoin was “broken” by quantum computing in 9 minutes?
Google’s Quantum AI team said earlier this week that a future quantum computer could derive a bitcoin private key from a public key in roughly nine minutes. The number ricocheted across social media and spooked markets.
But, what does it actually mean in practice?
Let’s start with how bitcoin
TapChiBitcoin16m ago
Bitcoin Price Stagnation Signals a Massive Volatility Expansion Above the $71,000 Resistance Level
The cryptocurrency market stands at a crossroads, preparing itself for what will happen next. With the ongoing volatility of the financial landscape, Bitcoin (BTC) has reached a condition of essentially sideways movement, leaving both retail traders and institutional desks held up in anticipation of
BlockChainReporter3h ago
Rocky US economy, private credit stress, war impact Bitcoin’s odds for $75K rally
Key takeaways:
Private credit risks and weak US jobs market data drive Bitcoin lower, but is there a silver lining?
Institutional Bitcoin ETF outflows and miner sales test BTC's strength, but the Federal Reserve's options for addressing the federal deficit may also favor scarce
Cointelegraph4h ago
