Gold Outshines Bitcoin as Investors Flee Crypto for Haven Assets

Gold prices remain resilient near $5,400 despite Thursday’s profit-taking, while bitcoin plunged 7% to below $84,000 — its lowest since November. Investor preference has decisively shifted from crypto to physical gold, driven by safety demand and ETF inflows. JPMorgan notes retail investors increasingly favor precious metals over digital assets, estimating household gold allocations could rise from 3% to 4.6% of portfolios — implying gold at $8,000–$8,500. Meanwhile, Ned Davis Research removed bitcoin ETFs like IBIT and ARKF from its Trump Trade Index, citing stalled regulatory clarity and waning political priority. Gold has now outperformed bitcoin over the past five years.