Source: Cointelegraph Original: "{title}"
As gold fund inflows approach $80 billion, Bitcoin (BTC) faces upward pressure as a safe-haven asset for 2025.
The trading information platform The Kobeissi Letter released data from Bank of America (BoA) on April 15, indicating that gold has experienced its "best winning streak" since 2013.
As U.S. trade tensions escalate, investors are flocking to gold, and Bitcoin is gradually losing its luster as a hedge against macroeconomic volatility.
BoA data shows that gold fund inflows have reached a new high. Cointelegraph Markets Pro and TradingView data indicate that XAU/USD hit a new high of $3,300 per ounce on April 16.
Kobeissi noted, "So far this year, net inflows into gold funds have reached a record $80 billion. This is double the historical high for the entire year of 2020."
"Due to a sharp rise in market uncertainty, investors are pouring money into gold at a record pace. As a result, gold prices have risen 22% year-to-date, outperforming all other major asset classes."
Gold fund flow chart. Source: The Kobeissi Letter/X
In contrast, the price trend of BTC presents a starkly different picture. Despite the launch of U.S. spot Bitcoin exchange-traded funds (ETFs) and increasing globalization, BTC/USD hit a five-month low in early April.
On-chain analysis platform Glassnode shows that the total assets under management of ETFs have decreased from $106 billion at the beginning of the year to $92 billion this week.
Kobeissi summarized, "Gold prices have also set 52 historical highs over the past year, marking the best winning streak in 12 years."
"Gold is the global safe-haven asset."
U.S. spot Bitcoin ETF balance. Source: Glassnode
Despite gold's record-breaking performance, market commentators have suggested that the unprecedented rise in gold may soon come to an end.
This week, discussing the topic on the X platform, veteran trader Peter Brandt stated that XAU/USD has entered an "explosive top."
"Gold has now entered an explosive phase," he summarized.
"This rapid rise will lead to an ultimate top, but trying to predict the peak can be costly. The explosive top may far exceed the ability of bears to withstand margin calls."
XAU/USD 1-day chart. Source: Peter Brandt/X
According to a popular theory, a pullback in gold may provide space for Bitcoin to catch up, suggesting that BTC/USD will replicate gold's trend in a few months.
Great chart from my Partner, David Foley. Shows how Gold moves first, Bitcoin follows harder. Scale different for each. @DAAF17 pic.twitter.com/jHMe6apewj
"No one really knows why this happens," said Anthony Pompliano, founder and CEO of Professional Capital Management, in an interview with CNBC on April 15.
Pompliano believes that traditional financial institutions are either unauthorized or simply "unaccustomed" to viewing Bitcoin as a protective tool against macro uncertainty.
"But we do find that when gold rises, about 100 days later, Bitcoin not only catches up but usually rises even more, so you see higher volatility," he said.
Related: Should Bitcoin investors be concerned about the stagnation of inflows into spot Bitcoin ETFs?
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