10x Research Market Updates

10x Research Market Updates

The Truth: Why Gold Is Beating Bitcoin—and What Could Flip the Script

Actionable Market Insights

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10x Research
Sep 18, 2025
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Why this report matters

Gold is surging while Bitcoin lags—but the reasons may not be what you think. Both are often labeled as “hedges,” yet the forces driving them are fundamentally different. Our analysis uncovers what’s truly moving each asset, revealing that their similarities are more surface-level than structural. Bitcoin’s muted response isn’t a flaw—it’s a warning signal most investors are overlooking. And the key lies in a single variable: if it shifts, the balance of power between these two hedges could flip dramatically. Grasping these key distinctions, as outlined below, gives investors a clearer view of what’s really driving markets.

Bitcoin (LHS) vs. Gold (RHS)

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