Why the CEO of crypto trading firm XBTO says gold is surging while bitcoin stays quiet in 2026: Asia Morning Briefing

Market Intelligence Analysis

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Why This Matters

XBTO CEO Philippe Bekhazi attributes the differing performance of gold and bitcoin in 2026 to ETFs, derivatives hedging, and corporate treasuries compressing BTC swings, while metals absorb macro stress trade.

Market Impact

Market impact analysis based on bearish sentiment with 75% confidence.

Sentiment
Bearish
AI Confidence
75%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

XBTO CEO Philippe Bekhazi told CoinDesk in an interview that ETFs, derivatives hedging, and corporate treasuries are compressing BTC swings, while metals absorb the macro stress trade.

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Original article published by CoinDesk on January 21, 2026.
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