Bitcoin News Today: Gold's Bullish Triangle Signals a Shifting Safe-Haven Power Struggle

Gold has outperformed most major asset classes in 2025, surging more than 33% year-to-date compared to the Nasdaq 100 and bitcoin. As of late September, it takes just 31.2 ounces of gold to purchase one bitcoin, down from 40 ounces as of December 2024, reflecting the metal’s continued dominance in the store-of-value category [3]. This trend aligns with the broader macroeconomic environment, where falling government bond yields in major Western economies, coupled with concerns over high debt burdens and persistent inflation, have bolstered demand for gold as a traditional safe-haven asset [3]. Analysts attribute this outperformance to gold’s historical role as a reliable hedge against financial instability, a function reinforced by the ongoing economic uncertainties [3].

The BTC/XAU ratio, a metric that compares the price of bitcoin to gold, is currently forming a long-term ascending triangle pattern, a bullish continuation structure that has been developing since 2017. This technical setup suggests a potential breakout could occur in the late fourth quarter of 2025 or early 2026, which would reinforce the bull case for gold in the long term [3]. The ratio’s current consolidation phase follows a 25% correction from its 2024 highs, but analysts note that previous drawdowns—such as 84% in 2019, 75% in 2020, and 78% in 2022—were followed by new highs. The shallower pullback observed in 2025 indicates stronger underlying support for gold relative to bitcoin [3].

Bitcoin and gold are frequently compared as store-of-value assets, each offering distinct advantages. Gold, with its millennia-old track record, is valued for its scarcity, tangibility, and historical reliability during periods of macroeconomic stress. Bitcoin, by contrast, is a programmatically scarce digital asset with a capped supply of 21 million coins and a decentralized network structure. While gold provides physical durability and broad acceptance, bitcoin offers divisibility, portability, and transparency through digital infrastructure [1]. Both assets are often used to diversify portfolios and hedge against fiat currency devaluation, but their behaviors in volatile markets have diverged significantly in recent years [2].

Historical data shows the relationship between bitcoin and gold has evolved over time. In 2017, the BTC/XAU ratio reached an all-time high as bitcoin surged during its bull run, but the ratio declined as the price corrected sharply, while gold remained relatively stable. This highlighted bitcoin’s more speculative nature compared to gold’s traditional safe-haven appeal. During the early stages of the COVID-19 pandemic in 2020, however, both assets experienced simultaneous downturns, indicating a temporary correlation in response to global uncertainty. More recently, the ratio tested its 2017 highs but failed to break through, suggesting resistance at key levels and reinforcing gold’s resilience amid macroeconomic headwinds [2].

Looking ahead, the BTC/XAU ratio remains a closely watched indicator for market analysts. The current technical setup suggests that a breakout from the consolidation phase could occur in late 2025, potentially signaling renewed strength for gold relative to bitcoin. This would align with historical patterns where the ratio has seen sharp corrections before establishing new highs. Given the macroeconomic conditions and gold’s role as a trusted store of value, many analysts remain cautiously optimistic about its long-term prospects. The evolving dynamics between these two assets highlight the importance of understanding their distinct roles in modern investment portfolios [2].

Source:

[1] Bitcoin vs. Gold - Updated Chart (https://www.longtermtrends.net/bitcoin-vs-gold/)

[2] Bitcoin vs Gold Correlation Chart (https://newhedge.io/bitcoin/gold-correlation)

[3] Gold Outshines in 2025 as Bitcoin-Gold Ratio Eyes Q4 Breakout (https://www.coindesk.com/markets/2025/09/04/gold-outshines-in-2025-as-bitcoin-gold-ratio-eyes-q4-breakout)