Bitcoin Turns Positive in 2025, Solidifying Its Position as Digital Gold.

Bitcoin Posts Positive YTD Growth, Aligning More with Digital Gold Than Tech Stocks

Bitcoin (BTC) has bounced back into positive territory for the year, now trading around $95,000 after recovering from an 18% drop earlier. With a modest 1.5% gain since the start of the year, Bitcoin is now positioned between gold—up 24% YTD—and the Nasdaq 100, which has fallen by 7%.

This shift in Bitcoin’s price trajectory strengthens the argument that it is evolving from a speculative tech stock to a more established asset, drawing closer to the “digital gold” narrative. Investors have increasingly turned to Bitcoin as a potential store of value, similar to gold, as market conditions evolve.

A closer look at Bitcoin’s correlations reveals a growing alignment with gold. The 30-day moving average correlation between Bitcoin and gold has surged to 0.70, while its correlation with the Nasdaq 100 has dropped to 0.53. These numbers suggest that Bitcoin is becoming more closely linked with gold as a safe-haven asset, moving away from the volatile tech sector.

The cryptocurrency’s performance last week, which saw a 10% increase, was its best since mid-November, following President Trump’s election victory. This surge has sparked renewed interest from investors seeking protection from ongoing economic challenges.

In addition, the broader market sentiment remains cautious as geopolitical tensions and rising tariffs continue to disrupt trade. The U.S. has imposed a 145% tariff on Chinese imports, causing a significant drop in shipping volumes. Major retailers like Walmart have also warned of inflationary pressures and potential supply chain issues, echoing the economic instability that was felt during the pandemic.