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"The gold rally at the end of 2025 has everyone thinking that there will be rotation into Bitcoin and crypto more broadly. This oversimplifies a complex relationship between these two asset classes.
Even though there has been rotation between gold and crypto in the past, this was due to changes in risk-on and risk-off conditions rather than investors actively rotating between the two asset classes.
Not only that, but a rally in other precious metals and commodities tend to be a sign that global liquidity is peaking. Many believe this means that crypto prices will peak as well, but the truth is very different.
Today we tell you everything you need to know. Enjoy!"
~ Coin Bureau
This video explores the complex relationship between bitcoin and gold, challenging the popular belief that there is a simple rotation between the two assets. Guy explains that while investors often view bitcoin as digital gold, it actually behaves more like a high-risk tech asset, meaning its price movements are driven by risk-on or risk-off market environments rather than a direct trade-off with precious metals. The discussion highlights how gold's recent rally was fuelled by both fundamental accumulation from central banks and late-stage speculative flows, which typically signal a peak in the global liquidity cycle. Looking ahead to 2026, the video warns of a potential liquidity contraction caused by a global debt refinancing wall, which could lead to a broad market drawdown affecting both crypto and gold before a central bank intervention eventually restarts the cycle.
0:00 Intro
1:03 Bitcoin Gold Relationship Explained
5:47 Bitcoin Gold Rotation Explained
10:45 Gold And The Global Liquidity Cycle
15:45 What Comes Next For Bitcoin And Crypto?
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=w04dNeIg0C0
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
