Derived from TechFlow, 2025 saw gold and copper outperform major assets, rising 70% and 35% respectively, while Bitcoin fell 6% as its 'digital gold' narrative failed to attract Wall Street investors. The lack of sovereign procurement support and a shift toward tangible assets highlighted declining trust in fiat and fiat-backed liquidity. Despite regulatory and institutional progress in the blockchain ecosystem, most major Layer-1 tokens ended the year with negative or flat returns, showing a disconnect between network usage and token performance.
Bitcoin's 'Digital Gold' Concept Fails to Persuade Wall Street in 2025, Drops 6%
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Bitcoin’s “digital gold” narrative struggled in 2025 as the token dropped 6%, underperforming gold and copper, which rose 70% and 35% respectively. Institutional interest waned amid a broader shift toward tangible assets. While the blockchain ecosystem saw regulatory and institutional progress, most major Layer-1 tokens posted flat or negative returns. Network usage and token performance remained misaligned, with no major sovereign procurement backing Bitcoin.
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