#比特币与黄金战争

Gold and silver are on a wild run, while Bitcoin is tying its shoelaces—the “timing game” of inflation-hedging assets.

When the US dollar weakens and geopolitical risks rise, gold and silver almost become the “default answer.” The surge in silver search interest to new highs and gold outperforming US stocks fundamentally reflect traditional investors’ instinctive response to uncertainty. They don’t need to tell stories or explain technology, just one sentence: “I have existed for thousands of years.”

But Bitcoin’s current correction does not mean the logic has failed; it’s a cycle misalignment. Gold and silver attract safe-haven funds, while Bitcoin attracts risk appetite funds. When the market is in “life-saving mode,” money naturally flows into precious metals; when the market returns to “growth narratives,” it’s time for crypto assets.

This is not about who replaces whom, but about different rhythms. Gold solves the question of “whether I can sleep tonight,” while Bitcoin addresses “whether the world will change in ten years.”
If we divide inflation hedging into two dimensions:
One is combating short-term panic, and the other is fighting long-term credit devaluation.
The former, gold and silver are stronger; the latter, Bitcoin remains unique.

So I prefer to understand the current situation as:
Gold and silver are fulfilling emotions, while Bitcoin is accumulating structure.
It’s not a binary choice, but about which time scale you are considering.