Gold (CM:XAUUSD) is proving why it’s been the go-to safe-haven asset for centuries. The precious metal just crossed the $3,000 per ounce mark for the first time, fueled by market uncertainty, strong ETF inflows, and concerns over U.S. tariffs under President Donald Trump, according to CoinDesk. Gold is up over 15% this year, while Bitcoin has lost 24% since hitting its January high of over $109,000.
This divergence shows us a key reality: while Bitcoin is often called “digital gold,” the real stuff still holds the crown when fear grips the market. As Yardeni Research strategist Eric Wallerstein put it, “Gold is a safe haven… Bitcoin, on the other hand, is a super speculative asset.”
The numbers tell the story. Over the past 30 days, gold ETFs have raked in $10 billion, while Bitcoin ETFs have lost $5 billion, according to ByTree founder Charlie Morris. He believes this trend will eventually reverse—just as it always has—but for now, investors are choosing stability over risk.
Trump-Era Policy Uncertainty Fuels Gold’s Rise
Trump’s unpredictable governing style is also playing a role. His back-and-forth stance on tariffs, ongoing geopolitical tensions, and efforts to reset U.S.-Russia relations have investors uneasy. WisdomTree analyst Nitesh Shah pointed out that “previous alliances are being redrawn,” leading to increased demand for gold as a hedge.
Bitcoin, on the other hand, soared after Trump’s election win amid hopes of favorable crypto regulation. But reality has set in—Bitcoin’s price has dipped, and enthusiasm around Trump’s $TRUMP meme coin hasn’t helped investor confidence.
At the time of writing, Bitcoin is still hovering around $83,200. For now, it’s behaving more like a high-risk tech stock than a reliable store of value. Gold, meanwhile, is doing what it does best—offering a safe escape when uncertainty takes over. Prices are now hovering at $2,998 per ounce.
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