Why Central Banks Still Prefer Gold Over BTC | CoinDesk Daily

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4.8 • 689 Ratings

🗓️ 1 December 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is gold beating bitcoin in 2025? Mark Connors of Risk Dimensions argues that bitcoin is simply "too young" to rival gold's centuries of established infrastructure. With BTC down approximately 12% and gold rallying 60% in the past year, is gold winning the race as a safe haven asset in 2025? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Need liquidity without selling your crypto? Take out a ⁠⁠⁠⁠⁠⁠⁠⁠Figure Crypto-Backed Loan⁠⁠⁠⁠⁠⁠⁠⁠, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today at Figure! ⁠⁠⁠⁠⁠⁠⁠⁠https://figuremarkets.co/coindesk⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	Hey everyone, you're watching Coin Desk Daily. I'm your host, Jen Sanassi.
0:09.8	The crypto market took another hit on Monday with the CoinDesk 20 index dropping 8% following a sell-off that began minutes after CME futures markets opened.
0:18.2	The volatility is driven by crypto's low liquidity trading environment that
0:21.3	hasn't recovered from the October selloff, as well as macro jitters from Japan. Bank of Japan
0:26.1	Governor Kazuo Uweda hinted at an interest rate hike this month, pushing Japanese government
0:30.7	bond yields to levels not seen since 2008. The potential move to raise interest rates would
0:35.9	strengthen the yen, potentially causing hedge funds that historically borrow the yen to buy risk assets like Bitcoin to reposition. As of this morning, Bitcoin is trading near $86,000.
0:46.4	Utility or privacy. The transparency of traditional blockchains forces a difficult choice. Break free from this limitation with midnight.
0:55.6	Looking for the best way to unlock your crypto's liquidity, take out a crypto-backed loan with Figger today. Nearly two years after
1:01.3	the debut of spot Bitcoin ETFs is gold winning the race for safe haven status. Gold has rallied 60%
1:07.2	in the past year while Bitcoin is down approximately 12% over the same period. Mark Connors of
1:12.7	risk dimensions argues that Bitcoin is simply too young to rival gold's centuries of established
1:17.7	infrastructure. Connors notes that major buyers like central banks and sovereign wealth funds still prefer
1:22.9	gold for practical reasons, with some nations starting to settle oil trades with the precious
1:27.3	metal.
1:28.0	That's a critical rule that Bitcoin has not yet stepped into.
1:31.2	Despite its design as a decentralized, borderless currency, Bitcoin is not being used for
1:36.1	international settlement at scale.
1:38.3	And to mainland China has vowed to intensify its crackdown on virtual currencies with the People's Bank
1:43.0	of China declaring that speculative trading poses new financial risks.
1:46.8	In a high-level interagency meeting on Friday, officials explicitly warned that stable
1:50.6	coins lack anti-money laundering protections and enable illicit cross-border financing.
	...

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