Gold Outshines Bitcoin as Market Favors Yellow Metal

The recent performance of Bitcoin and gold in the market has been telling, and it may not be what Bitcoin fans want to hear. While gold continues to break new highs, with silver also showing a strong weekly performance, major institutions are raising their price targets for gold.

Meanwhile, Bitcoin is stuck in an awkward position, failing to follow the new highs in U.S. stocks or gold.

This matters because if investors were treating Bitcoin as both a risk asset and a safe-haven, it would be expected to participate in at least one of these moves. Instead, marginal safe-haven money appears to be flowing towards gold.