Coin Bureau Co-Founder Says 2025 Was Better for Bitcoin Than It Looks

While many Bitcoin investors are entering 2026 disappointed, Coin Bureau co-founder Nic Puckrin argues that 2025 delivered more positives than the market narrative suggests. The year closes with Bitcoin struggling to hold the $90,000 level, while precious metals outperform and investor sentiment remains fragile.

Expectations Fell Short as Gold and Silver Outshined Crypto

Puckrin acknowledges the frustration, noting that Bitcoin frequently defied expectations throughout the year. As 2025 ends, Bitcoin lags while gold and silver post exceptional gains, benefiting from rate cuts, renewed geopolitical tensions, and growing concerns over dollar debasement.

All-Time Highs and Institutional Acceptance Mark Key Milestones

Despite the weak year-end performance, Puckrin reminds investors that Bitcoin reached a new all-time high of $126,000 in 2025. More importantly, major institutions such as BlackRock and Vanguard formally recognized Bitcoin as a legitimate asset class, marking a significant shift in traditional finance attitudes.

Bitcoin ETFs Signal Structural Market Progress

Puckrin highlighted the success of BlackRock’s iShares Bitcoin Trust ETF, which became one of the most successful ETF launches on record. He also pointed to the approval of several altcoin ETFs, many of which have seen strong demand, reinforcing the idea that crypto adoption continued to deepen despite price volatility.

Precious Metals Surge Driven by Macro Forces

The standout performers of 2025 were gold and silver, which gained roughly 69% and over 130% respectively. Puckrin attributed this rally to falling interest rates, rising geopolitical tensions, and increasing fears of currency debasement, trends that historically also support Bitcoin.

Bitcoin’s Muted Response May Not Last

Puckrin conceded that Bitcoin failed to react as expected to rate-cut optimism and dollar weakness, factors that normally fuel rallies. However, he believes that if these conditions persist into 2026, Bitcoin could still benefit, while the momentum behind precious metals may begin to fade.

Year-End Volatility Does Not Define the Future

As 2025 closes, Bitcoin remains volatile, with $24 billion in options set to expire on Boxing Day contributing to short-term uncertainty. Puckrin stressed that late-year price action should not be viewed as a predictor of Bitcoin’s longer-term trajectory.

2026 Catalysts Could Reshape the Market

Looking ahead, Puckrin expects major catalysts in 2026, including the appointment of a new Federal Reserve Chair, shifts in monetary and fiscal policy, and the US midterm elections. For crypto markets, developments around the Clarity Bill could also have a significant impact.

Bitcoin Could Reclaim Momentum in 2026

Puckrin believes there is still a strong possibility that Bitcoin will reverse course and reach new all-time highs in 2026. At the same time, gold and silver may begin to lose momentum, while US equities are likely to continue benefiting from sustained enthusiasm around artificial intelligence.