Bitcoin's Failure to Match Gold Reveals a Bigger Problem: Explained by CoinBase

Bitcoin has long been described as “digital gold,” but recent market behavior is challenging that narrative. While gold, silver, and other precious metals surged to new highs, Bitcoin has struggled to keep pace despite continued institutional interest. In this BeInCrypto podcast episode, host Brian is joined by David Duong, CFA, Global Head of Institutional Research at Coinbase, to break down what’s really driving this shift. They explore why gold and silver have recently acted as momentum assets, why Bitcoin hasn’t responded in the same way, and whether the safe haven narrative for crypto is being tested. Together, they analyze macro forces, interest rate expectations, liquidity conditions, and market structure damage following recent volatility. The conversation also dives into institutional vs retail behavior, Bitcoin’s role in the broader crypto ecosystem, tokenization trends, digital asset treasuries (DATs), and what a potential “DAT 2.0” model could look like. Key topics: Bitcoin vs gold, safe haven assets, momentum trades, precious metals rally, institutional crypto adoption, retail sentiment, market structure repair, liquidity cycles, tokenization, stablecoins, digital asset treasuries, macro economics, interest rates, crypto fundamentals. CHAPTERS 0:00 Intro 0:16 Market shift overview 1:17 Why gold is outperforming Bitcoin 3:37 Gold and silver as momentum plays 6:04 Is Bitcoin losing its safe haven status? 8:30 Bitcoin, liquidity, and market structure 11:05 Precious metals outlook 14:40 Institutional vs retail sentiment 19:02 Bull market or corrective phase? 22:05 Tokenization and crypto’s future 26:02 Digital asset treasuries explained 29:02 Final thoughts Subscribe for more long-form conversations on Bitcoin, crypto markets, macro trends, and institutional adoption. Last Video: Tristan Thompson: NBA Fans Are About to Trade Players Like Stocks https://youtu.be/3JadHTWj4_8 🔗 Visit BeInCrypto: https://beincrypto.com/ 📸 Follow us on Instagram: https://www.instagram.com/beincrypto 🐦 Follow us on X: https://x.com/beincrypto 📢 Telegram: https://t.me/+U8DQNp4b8Gw3YmZi Hashtags #Bitcoin #Gold #CryptoMarkets #Coinbase #BeInCrypto 🚨 Disclaimer 🚨 Although BeInCrypto aims to inform and educate readers worldwide, cryptocurrency-related topics involve risk. Nothing in this video should be considered financial advice. Always do your own research and never invest more than you can afford to lose.