Among the US Shutdown, French crisis and weak currencies, gold and Bitcoin mark new historical records. Investors choose refuge assets driven by fear
While the governments of the world are bargaining between shutdown, galloping debts and political crises, investors – people notoriously fearful under the double -breasted – take refuge where they now feel hotter: gold, bitcoin and, for nostalgics of the analog era, even a little healthy silver.
Gold and record bitcoin
The gold exceeded $ 4,000 alcohol. To precision 4,002, with a nice +0.74% only in the last session. And if someone seemed to be a fantasy novel figure, it is better to update: +50% since the beginning of the year, stuff to make Wall Street’s wizards pale. Those who had invested in ingots while the others bought the usual ETF on the AI, today you can enjoy the tea of the five with the satisfaction of those who chose the old dear good refuge. Other than chips and servers.
But it doesn’t end there. The real protagonist of the financial scene is the other king of the invisible: Bitcoin, who swept away his historical records, flying to 124,955 dollars, exceeding the previous maximum of 124,480 dollars touched in August. +30% only in 2025, and a market value that now flirts with 2.45 trillions of dollars. It is not a mistake: trillion, with the “T”. Next to it, Ether keeps step away with dignity, thanks to its 545 billion capitalization. For an “alternative” asset, not bad.
Shutdown, France and global fear
And why all this fervor? Because world finance, behind the ties and analysis reports, is guided by a simple engine: fear.
In the USA, Shutdown is reality, with the paralyzed government and the concrete threat of mass layoffs among federal employees. Other than Dow Jones.
In Europe, the French political crisis – a film that is repeated but with increasingly unpredictable actors – threatens the stability of the entire Eurozone. And so the euro also falters, losing another 0.34% to $ 1.1672, while the pound slips by $ 0.54% to $ 1.341.
Chris Weston of Pepperson said it clearly in Bloomberg: “Chaos gives a reason to buy gold and bitcoin as protection against the depreciation of currencies.” They call it “degrade trade”: the debris of investments in traditional currencies in favor of alternative assets.
A real “Fear of Missing Out” in gold and crypt sauce.
The most fragile dollar than Green
The US dollar, lighthouse of global finance for decades, has weakened by about 30% compared to Bitcoin this year. A performance that had not been seen since the times of the first speculative bubbles.
And Japan? It is even better: 260% debt/GDP, yen down by 1.6% after the victory of Sanae Takaichi and expectations of new tax stimuli. The performance of the thirty -year titles is at the historic maximum.
In the meantime, silver defends itself as it can, at 48,292 dollars, with a slight drop of 0.28%, just not to pass completely unnoticed.
The forecasts of the banks
For UBS there is no doubt: “There are both fundamental and technical reasons to believe that gold will continue to rise. By the end of the year we see it at $ 4,200 the ounce.”
Uptober and crypt romanticism
And then there is October: the historically happier month for Bitcoin, so much so that the nickname of “Uptober” has earned. Over the past ten years he has closed positively nine times.
It will be the magic of autumn or the collapse of the institutions, but the crypts in October seem to be reborn, unlike the leaves.
Moral? None
Moral of the fairy tale: when trust collapses, metals and tokens shine. The markets tell us a story other than that of official press releases: a story made of distrust in central banks, governments, currencies.
So it is better to take refuge in the old dear gold or in the new, sparkling blockchain. So much, between a public debt from a triple figure, a Europe that falters and America during the legislative lunch break, today even a crypto wallet seems more reliable than a treasure minister.
