Analysis: Bitcoin will follow the upward trend of gold and silver and recover in 2026, while safe-haven assets will benefit from a weaker US dollar.

On December 28th, according to a report released by KobeissiLetter, the search interest index (0-100 points) for "silver" on Google Trends rose to 83, a record high. Silver prices are projected to surge by 175% by 2025, and are on track for their first eight-month consecutive rise since 1980. This year alone, the market capitalization of gold and silver has increased by $16 trillion. Gold and silver have risen four and eight times the S&P 500 index year-to-date, respectively, with the rise in precious metal prices benefiting from further weakening of the US dollar. With Trump about to announce his new Federal Reserve chairman, the market expects the Fed to adopt a more dovish policy. When asked on December 12th what level he hoped for interest rates, Trump replied, "1%, or even lower." Funds are flowing into the precious metals market as a safe-haven asset at an unprecedented rate.

Bitcoin has fallen 6% so far this year, and KobeissiLetter believes that the crypto market is experiencing a mechanical bear market driven by excessive leverage liquidation, and that Bitcoin will recover in 2026.