As the dollar weakens and the Fed's easing measures cause rare assets to surge, BTC drastically outperforms precious metals

The year 2025 will be a challenging year for the US dollar, with the dollar index (DXY) recording its largest decline in a decade. According to media analyst Ethan Ralph, the DXY has experienced an approximately 10% plunge over the year, significantly reducing the dollar’s relative position against a basket of major currencies such as the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc.

Financial analyst Arthur Hayes analyzes that the devaluation of the dollar and the easing monetary policy by the Federal Reserve exert upward pressure on the entire class of scarce assets, including BTC. In his view, this policy environment is a key supporting factor creating buying demand for assets like gold, silver, and cryptocurrencies.

Since 2015, Bitcoin has drastically outperformed gold and silver

Data analyst Adam Livingston’s research shows a very pronounced performance gap over the past decade. From 2015 to the present, silver has risen by 405%, gold by 283%, while Bitcoin has achieved an astonishing increase of 27,701%. Livingston commented on X, “Even excluding the first six years of BTC, gold and silver are significantly lagging behind the top-tier assets.”

Currently, Bitcoin is trading around $95,440, with demand continuing from both institutional and individual investors.

Debates intensify with precious metals supporters

Peter Schiff, known as a supporter of gold, disputes Livingston’s analysis, arguing that the comparison period should be limited to the past four years. Schiff stated on X, “The times have changed. The Bitcoin era is over,” emphasizing the need for a shorter-term perspective.

Matt Gorihel, co-founder of wealth management firm Orange Horizon Wealth, points out that commodity prices tend to converge with production costs over the long term. He explains, “When prices rise, production increases, supply accelerates, and prices tend to fall again. However, this is different if supply is fixed.” In fact, for gold and silver, mines that were unprofitable over the past year are now profitable at current price levels, indicating potential fluctuations on the supply side.

Deepening debates over the value preservation capabilities among scarce assets

Discussions continue between supporters of precious metals and BTC regarding their roles as long-term stores of value. Meanwhile, gold hit a record high of approximately $4,533 per ounce in 2025, and silver also reached a new high of about $80 per ounce. However, BTC continues to demonstrate further growth potential under these conditions, supported by dollar devaluation and expanding liquidity supply across the market.