Gold has outperformed Bitcoin in returns over the past five years, with significant market shifts and contrasting investor sentiments.
The first cryptocurrency has entered the "red zone," while gold gained 4.4% in just one day. The market valuation of the precious metal increased by $1.5 trillion, comparable to the entire market capitalization of Bitcoin.
Largest assets by market capitalization. Source: Infinite Market Cap.
The price of a troy ounce of gold has reached a historic high of over $5,500, bringing the total market value of gold to $38 trillion.
Silver also saw growth, increasing by approximately 22% over the past week, with a market capitalization of $6.6 trillion.
The months-long rally in metals is attributed to hedging against the devaluation of fiat currencies. In this context, Bitcoin appears weak, challenging the narrative of being a "digital safe haven." Prices have not recovered since the crash in early October, which triggered $19 billion in liquidations.
The lag is also evident over the long term: in the past five years, gold has risen by about 185%, outpacing Bitcoin's growth of approximately 164%.
Despite this, major players remain optimistic. A Coinbase survey revealed that 71% of institutional investors believe Bitcoin is undervalued, estimating its worth between $85,000 and $95,000.
About 80% of respondents are willing to hold or increase their positions if the market drops another 10%.
Sentiments in the sectors are diametrically opposed. The cryptocurrency fear and greed index stands at 26, indicating "fear."
In contrast, a similar indicator for gold from JM Bullion has reached 99 points, signaling "extreme greed."
As a reminder, in January, precious metals surpassed cryptocurrencies in popularity on social media.
October 26, 2026
October 27, 2026
October 26, 2026
October 26, 2026