Precious metals trade 'overheated,' investors to rotate into BTC: Analyst

Precious metals have experienced record highs in 2025, making Bitcoin relatively undervalued, positioning BTC for a strong Q4 rally.

Precious metals are soaring in response to the US dollar debasement, with gold hitting $4,000 per ounce and silver reaching a 45-year high of over $50 per ounce. Still, the precious metal rally may be running out of steam, paving the way for investor rotation into alternative store-of-value assets like Bitcoin (BTC) and tokenized real-world assets.

Gold’s more than 50% rally so far this year — coupled with Goldman Sachs’ forecast of $4,900 per ounce by the end of 2026 — suggests the metal is “overheated,” according to Nic Puckrin, founder of the Coin Bureau education company. He said:

Puckrin added that these assets all serve as hedges against fiat currency inflation and geopolitical uncertainty. 

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