In 2025, assets were reset: Why would Bitcoin lose gold and American shares
ONLY WHEN THE MARGINAL EFFICIENCY AND LIQUIDITY OF AI CONTINUES TO SPILL WILL BITCOIN RETURN TO THE ROLE IT IS REALLY GOOD AT, A MOBILE VALUE CARRIER ACROSS CYCLES。
ORIGINAL TITLE: "REVERSE OF ASSETS IN 2025: THE MISVALUE BETWEEN AI ' S SINGULARITY AND ENTROPY, WHY BITCOIN WOULD LOSE GOLD AND AMERICAN STOCK "
Original author: XinGPT, & nbsp; Encrypt KOL
Many people, observing the performance of Bitcoin in 2025, are caught in a simple price comparison that does not understand why it lost its share of the United States, led by Ingweida, or even its traditional assets, gold。
If viewed from a high-dimensional perspective, it was actually a matter of physics and informatics. Prices are just symptoms, and the energy flow and information density behind them are the essence。
1. Overcrowding effect of energy arbitrage: shift of numerical hegemony
In the logic of Mask, value is often linked to energy conversion efficiency. Over the past decade, Bitcoin has been the only machine capable of transforming energy into digitally scarce assets on a large scale, a value anchor based on thermodynamics。
But between 2024 and 2025, an extremely powerful competitor emerged: Generating artificial intelligence。
THE CORE DRIVING FORCE OF THE US STOCK TODAY IS NOT FRENCH CURRENCY INFLATION, BUT AN ALL-FACTOR PRODUCTIVITY (TFP) INDEX-LEVEL EXPLOSION OF AI. WHEN TECHNOLOGY GIANTS INVEST HUNDREDS OF BILLIONS OF DOLLARS IN THE CONSTRUCTION OF DATA CENTRES, THEY ESSENTIALLY ROB THE WORLD OF ELECTRICITY QUOTAS。
AT THE CURRENT STAGE, THE ECONOMIC VALUE ADDED OF EACH DEGREE OF ELECTRICITY USED TO TRAIN THE NEXT GENERATION OF LARGE MODELS OR DRIVE HIGH PERFORMANCE ALGORITHM CHIPS TEMPORARILY EXCEEDS THE BENEFITS OF BITCOIN GENERATED BY THE HASHI COLLISION, AND DIFFERENCES IN MARGINAL YIELDS SHAPE PRICE AND FUNDING CHOICES。
Capital is profitable and sensitive. When Silicon-based intelligent growth curves are steeper than the scarce curve of "digital reserves", global excess liquidity tends to flow to productive assets with non-linear growth potential, rather than simply digital assets。
2. The "atom properties" of gold and the "code consensus" of bitcoin
The strong performance of gold this year is essentially the result of global geopolitical growth。
In the face of globalization and systemic uncertainty, sovereign-level players need an asset that does not require network connectivity and does not depend on any liquidation system. Under this extreme system failure logic, ancient gold provides certainty at the atomic level。
Although Bitcoin is hailed as digital gold, it continues to rely heavily on Internet infrastructure and centralized mobile access. When the system is exposed to the risk of being cut off at the physical level, the certainty of the atomic level overwhelms the Bit consensus in the short term, and at least physical gold can be held in hand or placed in caves。
The gold is being hedged against the collapse of the system, while bitcoin is now seen more by the market as a spill of system liquidity。
3. "VARIABILITY PASSIVATION" BY ETF
TOOLS DETERMINE BEHAVIOUR. THE SPREAD OF THE BITCOIN SPOT ETF MARKED THE OFFICIAL DOMESTICATION OF THE BEAST。
After entering the traditional asset allocation portfolio, Bitcoin began following the traditional finance wind model. While this has led to long-term financial support, it has also considerably smoothed its volatility and suffocated its explosive force。
Now bitcoin's more and more like a high-rate technology index. As the Fed has maintained high interest rates beyond market expectations, this highly liquidity-sensitive “long-tail assets” will naturally be suppressed。
4. Ion sorbence of the specialty of productivity
Charlie Manger emphasizes opportunity costs。
THE OPPORTUNITY COST OF HOLDING A BITCOIN THAT DOES NOT GENERATE CASH FLOWS BECOMES EXTREMELY HIGH IF AI LEAD FIRMS HAVE HIGH CERTAINTY ABOUT NON-LINEAR GROWTH。
The year 2025 was the night before the rare productivity singularity in human history, and all the money was chasing the node that could produce super intelligence. Bitcoin, as a “challenge of the monetary system”, has become less attractive in the short term in the face of the narratives of the productivity revolution。
5. Phase adjustment periods in fractal structures
FROM THE PERSPECTIVE OF COMPLEX SYSTEMS, THE UNITED STATES SHARES ARE AT THE ACCELERATION STAGE OF AI-DRIVEN PARABOLA。
IN FRACTAL GEOMETRY, MICROSTRUCTURES ARE BEING REPLICATED AND AMPLIFIED THROUGH SIMPLE ITERATIVE FORMULAS. AI IS PLAYING THIS ITERATIVE ALGORITHM. EACH LAYER REPLICATES THE LOGIC OF "PRODUCTIVITY EXPLOSION" FROM THE BOTTOM OF THE ENGLISH-WEDDA ALGORITHM TO THE MIDDLE CLOUD SERVICE, TO THE TOP OF THE SOFTWARE APPLICATION. THIS STRUCTURE IS EXTREMELY AMBITIOUS BUT ALSO MEANS THAT THE SYSTEM IS APPROACHING THE PHYSICAL LIMITS OF THAT LOCAL DIMENSION。
The performance of gold in the break-up of the old order can be understood by the construction of Cantor Set, which is one third of the middle of the chain. In the current global financial divide, what has been excluded are "credit expansion", "unrealizable promises" and "high entropy debt"。
As the old order continues to be shattered by debt crises and geographical upheavals, the last remaining set of unconnected but indestructible points is gold. It's a "reduced" value density, the most solid physical substrate in a fractal structure。
In its current state, Bitcoin is essentially a hedge of forces at different scales: early participants' profits are pushed away, offset by sustained buy-outs from sovereign countries and long-term funds over time, reducing prices to a long-term low-variant zone。
This long-term low-volatilization shock, which is known as the recasting of the "Attractor" in power。
This fractal system accumulates over time, leaving room for the next scale change。
After all, the 2025 bitcoin was not perjured, but re-pricing. It temporarily gives way to the costs of time rather than direction, at both ends of the productive wonders and geo-defence needs。
ONLY WHEN THE MARGINAL EFFICIENCY AND LIQUIDITY OF AI CONTINUES TO SPILL WILL BITCOIN RETURN TO THE ROLE IT IS REALLY GOOD AT, A MOBILE VALUE CARRIER ACROSS CYCLES。
