I recently looked at some data and it really hit me hard.

Silver skyrocketed 150% in one year, gold also kept rising by 70%, but what about Bitcoin? It fell by 6.8%. What's more ironic is that the selling points we tout in the crypto world for these three assets are exactly the same—they all say they can hedge risks, combat inflation, and offset fiat currency devaluation. But the market only recognizes silver and gold, while our digital assets are actually losing ground.

Here are the specific numbers: Silver went from $28.86 at the beginning of the year to $72.18 now, hitting a new all-time high; gold rose from $2628 to $4490 per ounce, continuously breaking new highs; and Bitcoin, from $93,425 at the start of the year, dropped to $87,064.

Honestly, when I saw these figures, I felt a bit dazed. I remember in October, Bitcoin just broke 120,000, and everyone was celebrating the story of "digital gold." Just two months later, real gold and silver are still hitting new highs, but we’ve fallen nearly 30% from the peak.

So why did silver surge so strongly this time? It mainly comes down to a few reasons—geopolitical tensions pushing safe-haven funds into precious metals, silver itself being a "new economy metal," with huge demand from AI data centers, photovoltaics, and electric vehicles. The supply gap has been ongoing for five consecutive years, plus the Fed’s rate cut expectations have released liquidity, causing funds to flow into these traditional safe-haven assets.

After considering these reasons, I suddenly realized—every one of these explanations we’ve already overused in the crypto circle. Talking about safe-haven properties, inflation hedging, easing cycles… we’ve said it all to death. But now, when it really comes to hedging risks, money is flowing into silver and gold, while we’re left singing a solo. This contrast is definitely worth pondering.