JPMorgan says BTC looks cheap next to gold, points to $170K fair value

DWF Labs, a crypto market maker, has completed its first physical gold trade, marking a significant entry into traditional commodities as gold prices rise. This move reflects a growing interest in diversifying investments beyond cryptocurrencies amid fluctuating market conditions.

Billionaire investor Ray Dalio has expressed increased caution regarding Bitcoin's suitability as an official reserve asset, acknowledging its scarcity but emphasizing the challenges posed by its traceable nature. He argues that the public transaction records and potential for external interference make it unsuitable for central banks, which typically prefer assets like gold.

As 2025 comes to a close, Bitcoin has struggled to keep pace with surging prices in gold, silver, and U.S. equities, leading to discontent among crypto traders. The cryptocurrency's price has recently dipped below $90,000, reflecting a broader trend of instability in the market.

Bitcoin has shown bullish signals against gold and the dollar, maintaining a price below $90,000 as significant whale activity has led to multimillion-dollar short positions in the cryptocurrency market. This comes as gold is on the verge of reaching a new record high of $4,500.