Analysis: Gold and silver hit new all-time highs, investment advisors urge 'shift from Bitcoin to gold'

PANews, December 28 – According to Yahoo Finance, gold and silver have once again broken historical records this week, demonstrating the strong performance of precious metals. However, this has added insult to injury for cryptocurrency investors. Bitcoin, once regarded as “digital gold,” has fallen by 6.25% this year after reaching an all-time high, while Ethereum has dropped by 12%. The overall sentiment in the cryptocurrency market is extremely bearish, even dragging down the stock prices of publicly listed crypto asset management companies.

Louis Navellier, founder of investment advisory firm Navellier Associates, pointed out that given gold prices have risen nearly 70% by 2025 while most cryptocurrencies continue to decline, it is time for cryptocurrency investors to turn to gold. He emphasized that gold has advantages such as central bank purchases, lower volatility, and improved liquidity. Meanwhile, well-known investor Peter Schiff posted on the X platform that if Bitcoin does not rise when tech stocks are up, nor when gold and silver are up, then it may never rise.