Gold Records Historic Decline: Bitcoin Strengthens Its Position as a Safe-Haven Asset

Рекордна серія падінь золота в історії підштовхнула зростання біткоїна

Gold is experiencing the longest series of price declines in history — for ten consecutive days, the price of the precious metal has fallen, marking an unprecedented phenomenon in financial markets. The value of gold has decreased by over 27% compared to the January peak of 2026 and by 12% since the end of February. As of March 25, 2026, the price of one ounce is approximately $4565, although during this period it dropped to $4100, according to TradingView.

This is reported by Business • Media

Gold price from broker OANDA. Source: TradingView.
Gold price from broker OANDA. Source: TradingView.

Bitcoin Outpaces Gold as a Safe-Haven Asset

Amid the record decline of gold, Bitcoin is solidifying its status as the primary safe-haven asset for investors. Since the escalation of the conflict in the Middle East at the end of February, the ratio of Bitcoin’s price to the value of gold has increased by nearly 30%. The first cryptocurrency has managed to stay above $70,000, allowing the Bitcoin-to-gold ratio to rise to nearly 16 ounces compared to 12 ounces before the conflict began.

Bitcoin to gold ratio. Source: TradingView.
Bitcoin to gold ratio. Source: TradingView.

One of the key factors driving this growth has been statements from U.S. President Donald Trump regarding the situation in Iran. Following reports of “productive negotiations” and the postponement of potential military actions, the cryptocurrency market reacted with a sharp rise. Additionally, after Trump’s statements about victory in the war with Iran, the market also saw an increase.

Expert Opinions and Prospects for Bitcoin and Gold

Financial experts note that historically, Bitcoin lags behind gold at the beginning of market cycles, but over time it not only catches up with the traditional asset but also surpasses it in growth rates. The current situation, according to analysts, confirms this pattern.

“I remember the excitement when 1 BTC first exceeded one ounce of gold in March 2017. […] Now 1 BTC is worth 16 ounces of gold. Given the depletion of gold, we can expect a new historical high of over 40 ounces in the coming months or years.”

Bloomberg analyst Eric Balchunas noted that there is no direct inverse correlation between these assets, and their movements often do not coincide. Over the past week, gold ETFs, such as SPDR Gold Trust and iShares Gold Trust, have experienced significant capital outflows, while Bitcoin-based funds are seeing inflows.

Previously, BlackRock CEO Larry Fink referred to Bitcoin and gold as “fear assets” due to rising global debt risks, which is driving investment interest in alternative means of preserving value.

Demand for gold ETFs among retail investors has tripled over the past six months, with total investments exceeding $70 billion. However, the continued exit of speculators from the market and the reduction of positions have led to a reversal of the trend. Against this backdrop, Bitcoin, which has risen by approximately 15% since the end of February, has begun to take the lead over gold.

JPMorgan analysts suggest that in the long term, Bitcoin may become a more attractive instrument for investors compared to gold. They estimate its potential growth to $266,000 per coin.

At the time of preparing this material, Bitcoin is trading at $71,661, according to TradingView.

Daily chart of BTC/USDT on Binance exchange. Source: TradingView.
Daily chart of BTC/USDT on Binance exchange. Source: TradingView.