Gold and copper are screaming in 2025… and Bitcoin is kinda getting ghosted. That feels important.

2025 is sending a weird signal: gold is up about ~71% YoY, copper is up ~35% YoY, and Bitcoin is down ~6% YTD.[tradingeconomics +2] Gold is being treated as a hedge against debt/fiscal stress, while copper is getting bought as a bet on electrification and infrastructure demand.[tradingeconomics +1] Bitcoin sits in the middle—sold as “digital gold,” but not really embraced by sovereign buyers, and not priced like a core AI/infrastructure input either.[gold +1] So the question is whether BTC is being rejected, or just lagging before a later move.