Analysis: In 2025, Bitcoin's concept as "digital gold" failed to convince Wall Street investors, lacking support from sovereign purchases

According to CoinDesk, gold and copper performed exceptionally in 2025, rising 70% and 35% respectively, far surpassing other major assets. Gold broke through $4,450 per ounce, reaching an all-time high and becoming the preferred safe-haven asset. Bitcoin, as the "digital gold" concept, failed to convince Wall Street investors, dropping 6% due to a lack of sovereign procurement support.

The market shows a polarization trend: on one hand, betting on AI-driven growth (copper), and on the other hand, worrying about systemic financial risks (gold). The copper-gold ratio hit a 20-year low, indicating that the global economy is in a "fragile expansion" state. Investors are clearly shifting towards tangible assets, reflecting a decline in trust towards fiat currencies and purely liquidity assets dependent on fiat.

Despite the regulatory and institutional progress in the blockchain ecosystem in 2025, most large Layer-1 tokens still closed with negative returns or flat, showing a disconnect between network usage and token performance.