温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/id/63186.html
点击访问原文链接

2025 Asset Review: Why is Bitcoin significantly underperforming gold and US stocks? | Bee Network

进入原网站 导航首页
2025 Asset Review: Why is Bitcoin significantly underperforming gold and US stocks? | Bee Network Login Berita Trending Meme Launchpad Agen AI DeSci Penjelajah Rantai Atas Untuk Newbee 100x Koin Permainan Lebah Situs Web Penting APLIKASI yang Harus Dimiliki Selebriti Kripto DePIN Pemula Penting Detektor Perangkap Alat Dasar Situs Web Tingkat Lanjut Pertukaran Alat NFT Hai, Keluar Alam Semesta Web3 permainan DApp Sarang lebah Platform Berkembang IKLAN Mencari Bahasa inggris Isi Ulang Koin Gabung Unduh Universitas Web3 permainan DApp Sarang lebah IKLAN rumah-Analisis-Teks utama 2025 Asset Review: Why is Bitcoin significantly underperforming gold and US stocks?Analisis2 bulan yang lalu更新Wyatt 18,494 42 When observing Bitcoin’s performance in 2025, many people get caught up in simple price comparisons and don’t understand why it underperformed the US stock market led by Nvidia, or even the traditional safe-haven asset gold.

From a higher-dimensional perspective, this is actually a problem of physics and information theory. Price is just the surface; the underlying energy flow and information density are the essence.

1. The congestion effect of energy arbitrage: the shift in computing power hegemony In Musk’s logic, value is often linked to the efficiency of energy conversion. Over the past decade, Bitcoin has been the only machine capable of converting energy into scarce digital assets on a large scale, a value anchored based on thermodynamics.

But in 2024 and 2025, an extremely strong competitor emerged: generative artificial intelligence.

The core driver of the US stock market right now is not fiat currency inflation, but the exponential surge in total factor productivity (TFP) brought about by AI. When tech giants invest hundreds of billions of dollars in building data centers, they are essentially vying for global electricity quotas.

At the current stage, the economic value generated by each kilowatt-hour of electricity used to train the next generation of large models or drive high-performance computing chips temporarily exceeds the revenue generated by hash collisions to produce Bitcoin. The difference in marginal revenue leads to the choice of price and capital. If you don’t believe me, just look at how many Bitcoin mining farms have been converted into AI computing power centers.

Capital is profit-driven and sensitive. When the growth curve of silicon-based intelligence is steeper than the scarcity curve of “digital reserves,” the excess global liquidity will preferentially flow to productive assets with non-linear growth potential, rather than simply digital assets.

2. Gold’s “atomic properties” and Bitcoin’s “code consensus” Gold’s strong performance this year is essentially a result of increased global geopolitical entropy.

Faced with deglobalization and systemic uncertainty, sovereign players need an asset that does not require network connectivity and does not rely on any clearing system. Under this extreme logic of systemic failure prevention, ancient gold provides certainty at the atomic level.

While Bitcoin is hailed as digital gold, it still heavily relies on internet infrastructure and centralized liquidity channels. When the system faces the risk of physical disconnection, atomic-level determinism triumphs over bit consensus in the short term; physical gold, at least, can be held in hand or stored away in a cave.

Gold hedges against system collapse, while Bitcoin is currently seen by the market more as an overflow of system liquidity.

3. The “volatility mitigation” brought about by ETFs Alats determine behavior. The widespread adoption of Bitcoin spot ETFs marks the formal taming of this beast.

Once Bitcoin is incorporated into traditional asset allocation portfolios, it begins to follow traditional financial risk control models. While this provides long-term financial support, it also significantly smooths out its volatility, stifling its explosive potential.

Bitcoin is increasingly resembling a high-beta technology index. As the Federal Reserve maintains high interest rates for longer than the market expected, this highly liquidity-sensitive “long-tail asset” will naturally be suppressed.

4. The Siphon Effect of the Productivity Singularity on the Bitcoin Narrative Charlie Munger emphasizes opportunity cost.

If holding shares in a leading AI company with a monopolistic position can yield highly certain non-linear growth, then holding Bitcoin, which does not generate cash flow, becomes extremely costly in terms of opportunity cost.

2025 marks the eve of a rare productivity singularity in human history, with all the capital chasing that node that could potentially generate superintelligence. Bitcoin, as a “challenger to the monetary system,” has seen its appeal diminished in the short term in the face of this narrative of a productivity revolution.

5. Phase transition adjustment period in fractal structures From the perspective of complex systems, the US stock market is in a phase of parabolic acceleration driven by AI.

In fractal geometry, tiny structures continuously replicate and amplify themselves through simple iterative formulas. AI is playing the role of this iterative operator. From the underlying NVIDIA computing power to the mid-layer cloud services and the upper-layer software applications, each layer is replicating the logic of “productivity explosion.” This structure is extremely grand, but it also means that the system is approaching the physical limits of that local dimension.

Gold’s role in the collapse of the old order can be understood through the construction process of a Cantor set, which involves continuously eliminating the middle third. In the current global financial fractal, what is being eliminated are “credit expansion,” “unfulfilled promises,” and “high-entropy debt.”

As the old order is continuously shattered by debt crises and geopolitical turmoil, the last remaining set of unconnected but indestructible points is gold. This is a value density generated by “subtraction,” the most stable physical foundation in fractal structures.

Bitcoin’s current state is essentially the result of the hedging of forces at different scales: the profit-taking pressure from early participants offsets the continuous buying by sovereign nations and long-term funds over time, compressing the price into a long-term low-volatility range.

This prolonged period of low-frequency oscillation is dynamically known as the reconstruction of the “attractor”.

This fractal system accumulates over time, reserving space for the next scale change.

Ultimately, Bitcoin in 2025 is not being disproven, but rather being repriced. It is temporarily giving way to the dual demands of a productivity singularity and geopolitical defense needs, bearing the cost of time rather than direction.

When the marginal efficiency of AI declines and liquidity continues to spill over, Bitcoin will return to its true role as a cross-cycle liquidity value carrier.

Tautan asli

Artikel ini bersumber dari internet: 2025 Asset Review: Why is Bitcoin significantly underperforming gold and US stocks?

Related: From ballet dancer and MIT graduate to 29-year-old female billionaire, the founder of Kalshi achieved a remarkable life transformation in just six years. Compiled by Odaily Planet Daily Golem ( @web3_golem ) Luana Lopes Lara graduated from MIT with a degree in Computer Science. During her summer breaks from college, she worked at Ray Dalio’s Bridgewater Associates and Ken Griffin’s Citadel Investment Group, building an $11 billion startup in just six years. Want to be Steve Jobs’ “ballet girl” However, this Brazilian-American girl still describes high school as “the most stressful years of my life.” At the Bolshoi Theatre School in Brazil, her ballet teacher would place a lit cigarette under her thigh and make her stretch her leg to her ear—a test of how long she could hold that position without getting burned. To get ahead, classmates would hide shards of glass in each other’s shoes. This brutal competition required her to…

Analisis ## bitcoinPasar #Alat #© 版权声明Array 上一篇 24-Hour Hot Cryptocurrencies and News | Trump May Appoint New Fed Chair in First Week of January; Fed Governor Milan: Necessity for 50 Basis Point Rate Cut Has Diminished (December 23) 下一篇 Ripple chiseled open a crack in the wall, but Swift simply tore down the entire wall. 相关文章 The First Wave of the 2026 Market is Actually Meme Coins: Prelude to Recovery or Bull Trap? 6086cf14eb90bc67ca4fc62b 11,879 2 Legendary trader GCR crashed? God of prediction or insider? 6086cf14eb90bc67ca4fc62b 28,393 4 Metya’s payment brand Metyacard officially upgraded to MePay 6086cf14eb90bc67ca4fc62b 18,027 Bullish sprint to the New York Stock Exchange: a compliance breakthrough worth tens of billions and a story of EOS griev 6086cf14eb90bc67ca4fc62b 26,711 Tonight’s TGE: A quick overview of the ecosystem projects mentioned by Monad on its first day. 6086cf14eb90bc67ca4fc62b 18,373 With major new product launches, Coinbase is moving towards becoming the “Exchange for Everything”. 6086cf14eb90bc67ca4fc62b 15,703 1 Bee.com Portal Web3 terbesar di dunia Mitra KoinCarp binance KoinMarketCap KoinGecko hidup koin Armor Unduh Aplikasi Bee Network dan mulai perjalanan web3 Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Unduh Aplikasi Jaringan Lebah dan memulai perjalanan web3 Portal Web3 terbesar di dunia Mitra CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Mencari MencariDi dalam SitusDi RantaiSosialBerita 热门推荐： Pemburu Airdrop Analisis data Selebriti Kripto Detektor Perangkap Bahasa Indonesia English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 हिन्दी اردو Русский Bahasa Indonesia

智能索引记录