“I’m still up to both gold and Bitcoin,” says Christopher Wood.
“Bitcoin is more effective against the risks of the financial system,” according to Geoff Kendrick.
Bitcoin (BTC) stock -listed funds (ETF) in the United States have registered massive capital tickets in the last five weeks, attracting more than USD 9,000 million, led by the ETF ishares Bitcoin Trust (ibit) of Blackrock Inc. This, at the time when money from the ETF backed by gold comes out.
According to market data, ETF backed with precious metal has faced notable outputs in those same five weeks, which have been higher than USD 2.8 billion.
This graph Provided by Bloomberg shows the performance of Bitcoin and gold ETFs in recent weeks:
This behavior reflects a change in investor preferences, who are moving precious metal resources towards digital currency, in a context of growing acceptance of Bitcoin as a coverage assetaccording to the financial market analyst, Christopher Wood.
Proof of that is that May was consolidated as the third month with the highest capital flow towards these ETFs in the last year, with a monthly net flow of USD 5,850 million. This indicator, which measures the difference between the purchases and sales of assets in the ETFs, is only below the USD 6,030 million registered in January 2024 and the USD 6,049 million of November of the same year, according to Sosovalue data.
Herein graph From Sosovalue you can see the months with the highest monthly net input flow in the Bitcoin ETFs:
In general, these movements suggest an interest sustained by Bitcoin, driven by structural factors (such as the upward trend of digital currency or its institutional adoption), as well as regulatory and political, (such as the support of the USA. UU. To the ecosystem), which which They reinforce the legitimacy of BTC in the traditional financial market.
In addition, it must be clarified that Bitcoin has properties that make it a decentralized asset, resistant to censorship and free. Therefore, many of the factors, especially regulatory, as new laws and regulations, do not usually affect intrinsically.
Bitcoin gains ground
Analysts interpret this market rotation as a sign that BTC is gaining ground as legitimate coverage in investment portfolios. Wood, Global Variable Rent Strata of the Jefferies firm, affirmed To Bloomberg: “I am still up to both gold and Bitcoin. Both are the best coverage in the face of the debasement of currencies in the world of G7.”
The perception of BTC as an alternative refuge grows, especially in an uncertainty environment in the United States, where concerns about economic stability and debt crisis They have promoted the search for non -traditional assets.
Geoff Kendrick, Global Digital Assets Research Head of Standard Chartered, stressed that Bitcoin offers protection against two types of risk: those of the private sector, such as the collapse of Silicon Valley Bank in 2023, and those related to government institutions.
Kendrick points out: “The recent threat to the independence of the Federal Reserve, together with the tariff climbing and concerns about the credibility of American politics, reinforce Bitcoin’s attraction.”
These dynamics have contributed to their disconnection of traditional assets, Breaking with its old speculative asset reputation Linked to technology, according to Dilin Wu, Pepperstone research strategist.
He observes that Bitcoin’s intradic correlation with the Nasdaq index, the dollar and gold has been remarkably low in the last month. For him, This indicates that BTC is being more and more perceived as coverage.
This evolution coincides with an environment where commercial tensions have reduced the demand for traditional shelters such as gold, while BTC capitalizes economic and political uncertainty.
Despite its performance, gold It remains the asset with the best performance so far from 2025with a 25% increase, compared to 15% of Bitcoin, according to market data. However, ETF flows indicate that investors are prioritizing digital currency for its decentralized nature and their ability to protect against systemic risks.
This graph Macromicro shows the increases that gold and bitcoin have had in its market capitalization so far this year:
Anyway, both BTC and gold are seen as hard assets that will have a special prominence in the coming months due to a series of geopolitical and macroeconomic factors. Among them, the US tariff war and high inflation, according to the analysis firm Capriole Investments, as cryptootics reported.
