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.
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