I just checked the charts and something interesting is happening right now. Bitcoin is at 78.20K with a +2.43% in 24 hours, but while BTC is rising, gold continues breaking all-time highs. There is a quite clear divergence between these two assets that usually move together when inflation concerns are present.

Peter Schiff has been talking about this for a while, pointing out how gold and silver have performed much better than Bitcoin lately. The divergence he mentions makes sense if you think about it: when there’s nervousness in the markets, people seek safe havens, and it seems gold is winning that battle against cryptocurrencies.

Fidelity analysts also suggest that Bitcoin still remains secondary to gold at this moment. The 60K level continues to be an important support to watch. Personally, I’m watching how this divergence develops throughout the year because if Schiff is right, we might see gold continue gaining ground over Bitcoin in terms of profitability. Anyway, it’s interesting to see how the divergence in the behavior of these assets reflects what’s happening in the global markets.