As investors shift from sovereign debt to hard assets, gold and silver prices have hit all-time highs. Bitwise's research indicates that gold's trend will lead Bitcoin by 4-7 months. The spot Bitcoin ETF has absorbed over 100% of the new supply since 2024. Deribit options data shows that traders are preparing for a parabolic rise in Bitcoin, which is expected to echo the 65% increase in gold in 2025.

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