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The Bitcoin “hard asset” narrative is breaking as silver hits parabolic peaks without taking crypto along for the ride

The Bitcoin “hard asset” narrative is breaking as silver hits parabolic peaks without taking crypto along for the ride

Silver left the $50 range in late November and went parabolic into year-end, registering consecutive all-time highs and hitting $72 an ounce on Dec. 24. Gold made a similar run throughout 2025, reaching $4,524.30 the same day.

Bitcoin, however, traded at $87,498.12 as of press time, down roughly 8% for the year and 30% from its October peak of $126,000.

For anyone who spent 2024 calling Bitcoin “digital gold” and expecting it to ride the same hard asset wave as precious metals, 2025 delivered an uncomfortable lesson: the macro currents that lift gold and silver don’t automatically carry crypto along for the ride.

The silver spike matters for Bitcoin investors, but not as a direct trading trigger or a signal to rotate capital. It…

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