Gold and silver prices have been going up steadily in December 2025. Meanwhile, the price of Bitcoin (BTC), a type of digital money, has not changed much. This difference shows that investors are thinking about money and risks in new ways. When things feel uncertain, many people are turning to valuable metals like gold and silver, while Bitcoin has fewer buyers and less excitement.
Why Gold and Silver Are Popular Right Now
Experts from XWIN Research Japan say that Bitcoin is stuck in a quiet period after losing some of its value earlier. Over the past three months, gold and silver prices have gone up, but Bitcoin has mostly stayed in the same price range.
According to XWIN, things like global political problems, changing government policies, and lower expected inflation-adjusted interest rates have made gold and silver more attractive. These forces usually help what are known as “precious metals” because they are rare and valuable. Gold and silver, for example, have long been trusted by major investors, banks, and countries.
Silver, which is less expensive than gold, has done especially well. This may be because there is less silver available to buy and because its price can react quickly to speculation, or risky buying and selling. On the other hand, Bitcoin is still seen as a risky investment rather than a safe one. In times of financial trouble, people usually invest in gold and safe government bonds first before considering a volatile option like Bitcoin.
What Are People Doing With Bitcoin?
There’s more evidence that Bitcoin demand is slowing down. XWIN refers to data from a service called CryptoQuant, which analyzes Bitcoin transactions. This data shows that fewer people are buying Bitcoin, even though the price hasn’t dropped much. Also, many short-term investors—people who bought Bitcoin to hold only for a short time—are selling it. Many of these sellers are losing money or just breaking even, which affects prices when they try to sell during slight price increases.
Fewer new Bitcoin transactions are happening, too. An analyst called CryptoOnchain noted that the average number of active Bitcoin addresses—basically, how many people are using Bitcoin regularly—is now at its lowest point of 2025. For example, data shows that only about 807,000 addresses were actively using Bitcoin in the past month. Major crypto exchange Binance also reported fewer buying and selling activities. Long-term investors aren’t hurrying to sell their Bitcoin, but new buyers aren’t showing up either. As a result, Bitcoin’s market is stuck in a “waiting” phase.
Bitcoin’s Price and Future Outlook
Bitcoin has had a rough end to 2025. It’s on track for its worst performance during the last three months of the year (also called the fourth quarter) since 2018. Its price has dropped by about 22%, trading somewhere between $85,000 and $90,000.
However, not everyone thinks this situation is bad. Some experts believe Bitcoin is still stable because of specific investments, such as “spot Bitcoin ETFs,” which let people invest in Bitcoin prices without buying the actual digital coins. According to an indicator called the ETF Flow Impact Score, Bitcoin’s current price is near its fair value, which is estimated to be around $88,000. Unlike earlier this year, when Bitcoin prices were inflated by excitement and speculation, the current price is more stable.
Meanwhile, gold and silver continue to rise in value. Gold recently passed $4,400, with experts debating whether it may reach $5,000 soon. Peter Schiff, a notable gold supporter, suggested that gold might hit that milestone even before Bitcoin regains any serious momentum.
In summary, gold and silver are benefiting from being seen as safe investments during unpredictable times. Bitcoin, on the other hand, needs more interest from buyers before it can make another big move. For now, gold and silver are shining brighter than Bitcoin in the eyes of most investors.