PANews reported on January 1 that Delphi Digital, a digital asset market research firm, published an article on its X platform stating that gold prices have risen by 120% since the beginning of 2024, marking one of the strongest gains in history. This surge was achieved without an economic recession, quantitative easing, or financial crisis. Central banks around the world purchased more than 600 tons of gold in 2025, and the purchase volume is expected to reach 840 tons in 2026.
Historically, gold has led Bitcoin by about three months at liquidity inflection points, a trend that holds significance for cryptocurrencies. Gold has now completed its repricing of the easing cycle, while BTC sentiment remains influenced by previous cycle simulations and recent pullbacks. The performance of metal assets is signaling policy easing and fiscal dominance; when metals outperform stocks, the market is pricing in currency devaluation rather than a growth collapse. Volatility in the precious metals market may signal the subsequent movements of other risk assets.
