While Bitcoin Weakens in the Commodity Market, Gold and Copper Show Strength

At the beginning of 2025, a notable surge is observed in the global investment environment. Investors shifting their focus from financial assets to tangible commodities have caused Bitcoin to lag behind. Gold reached $4,450 per ounce, showing a 70% increase year-over-year, clearly reflecting a decline in investors’ risk appetite.

Similarly, copper demonstrated strong performance in the market. A 35% appreciation occurred due to industrial demand and sensitivity to electricity news. Critical use cases such as electrical transmission systems, construction, and renewable energy technologies contribute to copper being seen as a long-term store of value.

In contrast, Bitcoin experienced a -2.13% decline over the past year. The digital currency continues to be perceived more as a speculative instrument rather than a traditional investment vehicle. Thielen, an analyst at 10x Research, emphasizes that marketing Bitcoin as ‘digital gold’ has failed to attract institutional investors. Magadini from the Amberdata team states that a lack of institutional demand at the government level has kept BTC prices under pressure.

Harland from Re7 Capital, who analyzes the reasons behind market consolidation, indicates that a recovery is possible in the coming period and some alternative coins may find opportunities in this environment. While investors continue to prefer tangible value carriers, closely monitoring the dynamics shaping the crypto market is worthwhile.