Analysis: In 2025, Bitcoin's "digital gold" concept failed to convince Wall Street investors due to a lack of sovereign procurement support.

According to CoinDesk, gold and copper performed exceptionally well in 2025, rising 70% and 35% respectively, far outperforming other major assets. Gold broke through $4,450/ounce to reach a record high, becoming the preferred safe-haven asset. Bitcoin, as a "digital gold" concept, failed to convince Wall Street investors, falling 6% due to a lack of sovereign purchasing support. The market showed a polarized trend: on the one hand, betting on AI-driven growth (copper), and on the other hand, worrying about systemic financial risks (gold). The copper-gold ratio hit a 20-year low, indicating that the global economy is in a state of "fragile expansion." Investors clearly shifted towards tangible assets, reflecting a decline in trust in fiat currency and assets that rely solely on fiat currency liquidity. Despite regulatory and institutional progress in the blockchain ecosystem in 2025, most large Layer-1 tokens still closed with negative returns or flat, showing a disconnect between network usage and token performance.