2025 was not the year crypto died; it was the year crypto got a job
What conclusions can we draw from the AI bubble, the commodities boom, and the scarcity of bits?
ARTIFICIAL intelligence is the topic of the day. Entering 2025, I, like many in tech, assumed that AI-linked stocks would be the undisputed heavyweights of the year. I was wrong.
While the “Magnificent Seven” (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) delivered a respectable 24 per cent return, they were eclipsed by an asset class many had written off as archaic: commodities.
The broader commodity basket led the market with a 41 per cent return, driven by spectacular performances from gold (+64 per cent) and silver (+146 per cent).
Silver, in particular, soared due to dual demand: It benefited from the same monetary…
