Right. So, basically, everything’s gone up this year. Moneyâs been thrown at things like confetti, and even things that look like they might go up have benefited. Particularly shiny rocks – gold and silver, you know, the stuff grandad keeps in a sock. Theyâre having a positively giddy time, best year ever and all that. đĽł
Meanwhile, Bitcoin, that digital⌠thing⌠is looking a bit glum. It had its moment, briefly touched the sky, and then remembered it doesnât have wings. It’s currently shuffling its feet, looking at a slightly embarrassing loss for the year. Which begs the question: what is going on?
Bitcoin Trails Silver and Gold (And Possibly Common Sense)
Gold, bless its ancient, sparkly heart, decided 2025 was going to be a good year and just⌠went up. Started at a perfectly respectable $2,610 an ounce, and now itâs eyeing $4,550 like a particularly delicious biscuit. A 75% rise. Honestly, itâs almost vulgar for something that just sits there. đ§
Silver, now silverâs a bit of a late bloomer. It meandered around for a while, then suddenly decided it wanted in on the fun. It saw gold having all the attention, and thought, âOh, I can do that!â Rose from $29 to a whopping $80. A 172% jump. Clearly doesnât understand the concept of a measured pace.
Bitcoin, naturally, had to be⌠complicated. A twitchy rollercoaster of ‘new highs!’ followed by a ‘slightly worrying descent’. It peaked at $126,000, briefly lorded it over silverâs market cap, and then⌠well, letâs just say gravity reasserted itself. Currently clinging on for dear life below $90,000, with a year’s performance of a distinctly unimpressive 6%. Itâs like watching a caffeinated squirrel try to predict the stock market. đżď¸
Apparently, this has caused some number-crunchers at The Kobeissi Letter to have a bit of a moment. Theyâve noticed that Bitcoin is losing its appeal compared to, you know, actual valuable things.
Bitcoin versus gold and silver:
The Bitcoin-to-silver ratio is now down to 1,104, the lowest since September 2023.
Since May, the ratio has dropped -67% as silver has significantly outperformed Bitcoin.
At the same time, the Bitcoin-to-gold ratio is down to 19, the lowestâŚ
– The Kobeissi Letter (@KobeissiLetter) December 27, 2025
Can BTC Catch Up in 2026? (Donât Hold Your Breath)
Naturally, the oracle-like figures in the crypto world are trying to âpredictâ what will happen next. They’re poring over charts like tea leaves, muttering about âcyclesâ and âinevitabilityâ. KALEO suggests gold and silver have already led the way, and Bitcoin will eventually join the party. (As long as it can find the party, that is.)
Crypto Tony, ever the optimist (or perhaps just prone to exaggeration), reckons Bitcoin needs to âmimic silverâs performanceâ – which means going to $400,000 next year. Good luck with that. Crypto Rover, meanwhile, has dug up historical data suggesting that Bitcoin tends to have a surge after gold peaks. Basically, theyâre saying it needs gold to get bored first. đ¤ˇ
IN 2020, BITCOIN ENTERED ONE OF ITS BIGGEST RALLIES EVER AFTER THE GOLD CYCLE TOPPED.
– Crypto Rover (@cryptorover) December 28, 2025
So, the future of Bitcoin? Uncertain. The future of shiny rocks? Looking remarkably solid. Seems some things never change. Maybe invest in a nice bit of pyrite. It looks like gold, and thatâs half the battle. đ
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2025-12-28 15:35