Bitcoin Out Performs Gold
The
cryptocurrency sector never has a dull moment and the past week has been a prime example. From
Bitcoin surpassing the price of gold per kilogram to
Australia’s biggest crypto linked asset forfeiture and of course once again Donald Trump make it on our list with a
crypto fuelled dinner party the headlines illustrate just how crazy and unpredictable this space continues to be.
Bitcoin broke a symbolic milestone this week by exceeding the value of one kilogram of gold. On May 19, Bitcoin traded as high as USD 107,089, while one kilo of gold stood slightly lower in value. It’s a significant moment in the digital asset’s progress especially given that Bitcoin was once dismissed as a fringe experiment.
MEXC COO Tracy Jin was quick to buckle the excitement with realism. In an interview with crypto.news, Jin stated that while Bitcoin is outperforming gold on price, gold remains the go to safe haven asset in uncertain times. Since the start of 2025, gold has gained 23% which nearly doubles Bitcoin’s 12% gain over the same period.
“In times of heightened uncertainty, institutional capital continues to Favor traditional safe haven assets,” said Jin. “Gold remains the preferred hedge at least for now.”
she noted that Bitcoin is showing notable resilience, closing six consecutive weeks in the green and holding strong above the USD 105,800 resistance zone. If Bitcoin can push through that, projections from MEXC suggest a rally to USD 130,000 in Q3, with an outside chance of hitting USD 150,000 by year end.
Jin also reminded investors of the long-term growth potential: Bitcoin’s USD 2 trillion market cap still pales in comparison to gold’s USD 21 trillion. As more institutions warm to digital assets, the gap could narrow.
Aussie Crypto Crime Crackdown
While Bitcoin's price is booming, it's also back in headlines for less celebratory reasons namely, Australia's largest Bitcoin linked asset forfeiture in years.
The Australian Federal Police (AFP), through its Criminal Asset Confiscation Taskforce (CACT), confiscated 25 BTC, a waterfront mansion in Beachmere, and a Mercedes-Benz all linked to convicted hacker Shane Duffy. The haul, worth roughly AU 4.5 million was seized without new criminal charges under Australia’s civil asset forfeiture laws.
Duffy’s story traces back to 2016, when he pleaded guilty to hacking related offenses involving stolen data from League of Legends. He was later accused of hijacking Riot Games president Marc Merrill’s social media account. This time around, Luxembourg crypto watchdogs flagged suspicious activity in 2018, leading to a full blown investigation and this week’s court ruling.
The case underscores how law enforcement is adapting to tackle crypto-related financial crime. “The Proceeds of Crime Act provides law enforcement with unique powers to restrain and forfeit instruments and proceeds of crime,” AFP Commander Jason Kennedy said.
Kennedy also emphasized that the seized funds will be reinvested into community programs a small silver lining for an otherwise cautionary tale about crypto misuse.
Trump Again!
in the crypto multiverse where legality and absurdity often blur, U.S. President Donald Trump is embracing
memecoins with open arms and hosting what might be the most extravagant crypto themed dinner party in history.
Trump’s $TRUMP coin, which had been tanking in recent months, saw a 30% price surge after it was revealed that the top 25 investors would be granted exclusive access to a dinner event at Trump National Golf Club in Virginia. The dinner, attended by over 200 guests, is open only to high rolling holders of the Trump branded token.
former White House ethics counsel Norm Eisen are already warning that the event is an ethics violation. Senators Elizabeth Warren and Adam Schiff penned a letter questioning whether the President was selling access to the highest bidder for personal financial gain.
Trump’s administration is aggressively courting the crypto industry. A new dollar backed stablecoin, a “Strategic Bitcoin Reserve,” and plans to establish America as the “crypto capital” of the world have all been raised. Trading fees from $TRUMP have already made insiders including a Delaware LLC tied to Trump Organization affiliates hundreds of millions of dollars, according to Chainalysis.
While Trump’s self branded coin blurs the line between meme and money, it also shines a spotlight on the ethical questions around political figures promoting volatile and speculative digital assets.
It truly is a wild and whacky time in the CryptoMultiverse, stay tuned for more updates!
image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.
