Bitcoin Loses To Gold As Debasement Trade With BTC At 2-year Lows:... (2026)
Bitcoin failed to become investors' choice as the debasement trade as BTC price action slumps while gold and silver hit repeat all-time highs, said analysis.
Bitcoin (BTC) is looking like the loser versus gold as precious metals top new all-time highs Monday.
Bitcoin is not the debasement trade after years of loses against gold, analysis concludes.
As precious metals hit all-time highs, BTC price action fails to rebound.
Gold starts grilling the S&P 500, potentially shifting a years-old narrative if it continues to gain.
New analysis from Karel Mercx, an investment specialist at Dutch investment advisory Beleggers Belangen, says Bitcoin has failed as the "debasement trade.”
Bitcoin slipped below 20 ounces in gold terms to start 2026, and is now circling two-year lows, per data from TradingView.
As markets react to US government action against Federal Reserve Chair Jerome Powell, gold and silver continue to enjoy price discovery while Bitcoin flounders.
While bulls hope that BTC/USD will soon catch up, for Mercx, the writing has long been on the wall.
“The verdict is in: the debasement trade is Gold & Silver, not Bitcoin,” he told X followers in a post Monday.
Source: CoinTelegraph
