From MoneyWeek · · 1m 20s
Gold and Crypto: Investment Trends for 2026
Gold and crypto prices surged in 2025 but faced declines in 2026 before partial recoveries in August and September.
In brief
Gold and crypto prices surged in 2025 but faced declines in 2026 before partial recoveries in August and September. Investors shifted to gold and crypto ETPs amid de-dollarization trends, with Bitcoin and gold showing stronger correlations in 2026 than historically. Originally reported by MoneyWeek.
Gold and crypto prices surge
Investors piled into both gold and crypto in late summer 2025 with gold gaining 64% that year.
Gold price trends
Gold hit an all-time high of $5,595 on 29 January 2026 before falling in 2026.
Crypto price declines
Bitcoin fell 28% and Ethereum fell 37% from January to 31 July 2026.
August-September recovery
Gold gained 2% and Bitcoin gained 33% in August and September 2026 as of 28 September.
Morningstar analysis
Morningstar's Paganelli noted record inflows into gold ETPs and a sharp turnaround for Bitcoin products.
Similarities between assets
Both gold and crypto act as stores of value with finite supply, making them hedges against inflation and sensitive to interest rates.
De-dollarisation impact
Investors reduced reliance on dollar-denominated assets as portfolios became concentrated in dollar-linked exposures.
2026 correlation shift
Gold behaved more like a risk-on asset in 2026 due to interest rate expectations, unlike historical patterns.
Investment options
The 21Shares Bitcoin Gold ETP (LON:BOLD) allocates 53.1% to gold and 46.9% to Bitcoin as of 28 September.
The bottom line
Investors shifted to gold and crypto ETPs amid de-dollarization trends, with Bitcoin and gold showing stronger correlations in 2026 than historically.
