Is gold once again a frontrunner for Bitcoin?
Last Updated on 18 October 2025 by CryptoTips.eu
Bitcoin is having a somewhat unusual October month. A new ATH record two weeks ago was followed by a significant drop. Gold, on the other hand, is reaching ever higher highs and is now getting a lot of media coverage.
Is the rise of gold a frontrunner for a future rise in Bitcoin or are we interpreting this wrongly?
Debasement
Wall Street appears focused on the so-called “debasement trade,” or the investment that protects you against the falling dollar. Gold and gold mining stocks are the main beneficiaries this month. While the precious metal has seen gains of 18% in October, Bitcoin is down around 9% against the dollar over that same period.
The world’s largest digital currency performed very well at the start of the month but took a dive after US President Donald Trump announced his intention to impose 100% import tariffs on China.
That evening, Bitcoin experienced one of its biggest flash crashes ever and hasn’t truly recovered since. Although October is normally the best month for Bitcoin, this time it’s been different so far.
However, history has shown that the rise in gold is simply a frontrunner for Bitcoin’s rise, and digital currencies usually do the same, just later when investors diversify their portfolios and think that gold is going to correct.
According to analysts at JP Morgen, Bitcoin is therefore still well on track to end the year with a value of $150,000.
