Bitcoin’s Underperformance Fuels “Endgame” Fears Amid Gold’s Record Run

Group 1: Gold and Precious Metals Performance - Gold reached a new all-time high of $4,409 per ounce, with futures peaking at $4,415 per ounce [2] - Silver surged to a peak of $69.4 per ounce, marking a significant increase of 140% in 2025 alone [3][4] - Platinum also saw substantial gains, climbing to its highest price in years and is now only 4.5% away from its all-time high [4][5] Group 2: Bitcoin Performance and Comparison - Bitcoin is currently trading at $88,890, approximately 29.5% below its peak, and has only gained about 0.89% in the last 24 hours [6] - In 2025, Bitcoin is down nearly 5%, while silver has surged 138% and gold has increased by almost 68% during the same period [7] - Since the debut of the first Bitcoin ETF in January 2024, gold has outperformed Bitcoin by 19% [7] Group 3: Market Sentiment and Analyst Commentary - Analysts express concerns that the underperformance of Bitcoin relative to gold may indicate a prolonged downturn for speculative assets [1] - Market strategist Charlie Bilello noted that equities have also outperformed Bitcoin this year, with the Nasdaq rising 20.8%, the S&P 500 advancing 16.4%, and the Russell 2000 climbing 13.4% [8] - Economist Peter Schiff commented that Bitcoin is hindering investments in gold and silver, suggesting that investors may be losing money in Bitcoin instead of benefiting from precious metals [8]