Let's educate everyone, gold has long underperformed inflation, it was $880 per ounce in 1980 and about $7000 in 2026, only increasing 5 times over 45 years. In Beijing, buying 5 houses in 2000 cost about 1 million RMB, but now they are worth 200 million, which is 200 times. As for Bitcoin, it was a few cents in 2010 and now it's $100,000 per coin, that’s hundreds of thousands of times. Gold addresses risk hedging, while Bitcoin addresses the underlying assets of the new financial system + scarce digital property rights + global liquidity network.

Let's take a look at the data.
On January 19, $XAU the price gapped up and rose about 2% during the day, reaching $4690 per ounce, setting a new historical high. Meanwhile, the overall cryptocurrency market came under pressure, $BTC falling below $92,000, with a 24-hour decline of about 3%. In just one day, the performance of the two mainstream asset classes showed a clear divergence.
Until January 21, the upward trend in gold had not stopped, refreshing the record high to $4874 per ounce, with a daily increase of 1.5%. In contrast, Bitcoin fell below $88,000, with the daily decline expanding to 5%.
Within three days, gold continued to strengthen, while Bitcoin quickly retraced.