Gold and silver reach new highs, while bitcoin's year-to-date decline widens to 6.25%

Gold and silver prices have once again reached record highs this week, with the precious metals market showing strong performance. Meanwhile, the price of bitcoin has dropped by 6.25% this year, and Ethereum has fallen by 12%. The cryptocurrency market sentiment remains sluggish, and the stock prices of related asset management companies have also seen significant declines. Louis Navellier, founder of investment advisory firm Navellier Associates, stated that gold prices in 2025 have already risen nearly 70%. In contrast, cryptocurrencies continue to decline. He recommends investors turn to gold due to its advantages of central bank purchases, lower volatility, and improved liquidity. Well-known investor Peter Schiff posted on the X platform that bitcoin's failure to rise alongside tech stocks and precious metals may mean it will never achieve an increase.