Tom Lee Reveals the Secret: Why Gold Is Soaring While Bitcoin Stalls

Updated

February 2, 2026

Gambar Tom Lee Reveals the Secret: Why Gold Is Soaring While Bitcoin Stalls

Jakarta, Pintu News – Financial markets are again displaying a sharp contrast as gold soars, while Bitcoin has not been able to catch up. In an interview on CNBC, BitMine CEO Tom Lee thinks the precious metal’s rally was triggered by a combination of a weakening US dollar, strong global demand, and a boost in price momentum. On the other hand, crypto assets are still traumatized by previous market shocks, so the recovery is slower.

Dollar weakness and global demand drive gold rally

Tom Lee explains that the weakening US dollar is the main fuel for gold’s strength. When the value of the dollar declines, dollar-denominated assets like gold tend to look more attractive to global buyers. He also noted that improving growth in various regions has changed currency dynamics, while the US central bank remains cautious about cutting interest rates.

This combination created a favorable environment for hard commodity prices to rise. In addition to currency factors, physical demand and investor interest also reinforce the uptrend. Lee said some regions, particularly China, are showing unusually strong demand for precious metals.

In fact, there were silver ETF products that were trading at high premiums, signaling tight supply relative to buying interest. He considers the situation to be conspicuous, but still reasonable if understood as a follow-on effect of the price momentum that has already formed.

Also read: These 3 Cryptos Are Called Ready To Be The ‘Next Crypto Rally’

Market Trauma of October 2025 Resists Bitcoin Recovery

While gold has benefited from the hedging narrative, the crypto market has disappointed Lee. He emphasized that themes such as debasement, geopolitical tensions, and monetary policy easing should be a breath of fresh air for Bitcoin (BTC). However, the reality is that crypto has not been able to consistently reflect these positive sentiments.

According to him, one of the main reasons is that the market’s wounds have not fully recovered from the big crash in October 2025. Lee described the crypto recovery as a bounce-back attempt that keeps getting interrupted by new shock waves.

Every time prices start to improve, additional pressures emerge that encourage market participants to reduce risk. This pattern makes investor confidence fragile and rallies easy to break. As a result, Bitcoin (BTC) lags behind while gold enjoys more stable fund flows.

Gold to Bitcoin Rotation Pattern Back in the Spotlight

Despite crypto’s retreat, Lee sees a recurring rotation pattern in the market cycle. He noted that investors often enter gold first when uncertainty increases, and then move to Bitcoin (BTC) when the precious metal starts to lose steam. A similar pattern was seen in 2017 and 2021, when after gold weakened, Bitcoin (BTC) recorded a huge surge. In those two periods, the rise in Bitcoin (BTC) is said to have reached almost 1,000% in 2017 and about 400% in 2021.

The rotation signal was discussed again after gold experienced a deep correction. On a highlighted note, the price of gold fell from around $5,600 to around $4,892, a loss of approximately 13%.

Declines like this are often read as a sign that the momentum of the rally is slowing down, although it doesn’t automatically mean the end of the uptrend. If historical patterns repeat themselves, some capital could potentially seek new opportunities in Bitcoin (BTC) as interest in gold begins to cool.

Conclusion

Tom Lee’s statement confirms that the current gold rally is mostly supported by the weakening dollar, global demand, and strong momentum effects. Meanwhile, Bitcoin (BTC) is still facing psychological and risk management barriers due to the previous series of market shocks.

However, history shows a rotation of funds from gold to Bitcoin (BTC) can occur when the precious metal starts to lose steam. As such, the movement of gold in a correction phase is one of the indicators that is constantly monitored to read the next opportunity in the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

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