But it’s not just gold – its precious counterparts silver, platinum, and palladium have also enjoyed strong gains, outperforming BTC. Meanwhile, bitcoin, often touted as digital gold, has failed to keep pace with the precious metals, rising just over 20% to $113,000. Moreover, central banks diversifying into gold have provided a major tailwind for the metal and its precious counterparts. Global central banks cumulatively hold around 36,000 metric tons of gold, according to a European Central Bank study. Bitcoin, however, has yet to earn a place on central banks' balance sheets, limiting its role as a reserve asset.