Gold is the prominent artist in 2025 and climbs more than 33%.
It is three times the gain for the NASDAQ 100 -Index and almost double Bitcoin’s (BTC) performance. In practice, this means that it now takes only 31.2 ounces of gold to buy a BTC, a measure known as the BTC-XAU relationship, down from 40 ounces last December.
The metal, typically used as a refuge in times of financial stress, has been supported by declining government bonds across larger Western economies, a reflection of high debt burdens, persistent inflation concerns and slowdowns. This dynamic strengthens Gold’s historical role as a value of value and highlights why it undoubtedly deserves to be the benchmark on which all other investments are measured.
Technical analysis shows that the BTC-XAU relationship has consolidated inside a large rising triangle, a bullish continuation pattern that has formed since 2017. 25%. The structure now points to a potential breakout in late in the fourth quarter or the beginning of next year.
It is important that previous cycles in this relationship experienced serious features – 84% in 2019, 75% in 2020 and 78% in 2022 – before new heights were established. The current withdrawal is far lower, which suggests underlying strength and keeps the long -term bullish case intact.
