Gold Outshines Bitcoin Amid Rising Price Targets

Bitcoin fans may be disappointed to hear that money is choosing gold over BTC. According to OKX, gold has been printing new highs, while silver just posted one of its strongest weekly performances.

Major institutions such as UBS and domestic brokers are raising their price targets for gold, further solidifying the trend. Meanwhile, Bitcoin remains stuck in an awkward position, not following the new highs in US stocks or gold.

This matters because investors typically treat Bitcoin as both a risk asset and a safe haven. If this were true, we would expect BTC to participate in at least one of these moves. However, the data shows that marginal safe-haven money is flowing towards traditional metals rather than crypto.