According to The Kobeissi Letter, gold funds have attracted a record $85 billion in net inflows so far in 2025, more than double the previous full-year record set in 2020 (source: The Kobeissi Letter, May 19, 2025). With inflows on track to exceed $180 billion by year-end, this surge signals a major risk-off sentiment among investors and could divert capital away from cryptocurrencies and other risk assets. The growing preference for gold as a safe haven may limit near-term upside for Bitcoin and altcoins as institutional flows prioritize stability over high volatility exposure.

According to André Dragosch, a new company is set to compete with MicroStrategy for Bitcoin acquisitions, potentially causing a supply shock in the market. This development is based on Michael Saylor's business model. The entry of this new competitor could significantly impact Bitcoin's availability and pricing, as it intensifies the demand for limited Bitcoin supply.