As of late December 2025, the global financial landscape is characterized by a "Great Decoupling" where traditional safe havens like gold and silver have reached record highs while digital assets face a prolonged drawdown. Bitcoin, which peaked at $126,000, has retreated to the $86,000 range, failing to act as "digital gold" despite high US debt and a weakening dollar. Instead, it is behaving as a "high-beta" tech asset, moving ...