New Delhi, Nov. 24 -- A sharp drawdown in Bitcoin prices has revived an old debate: Will crypto meltdown spark a gold price rally? The comparison between the two "stores of value" has only grown louder over the years. Yet 2025's gold rally tells a different story.

Bitcoin prices have slumped nearly 25% this month, falling to a low near $80,500 last Friday. While the crypto token rebounded to $86,000, some half a trillion dollars in Bitcoin value has been wiped out. And that's before tallying the carnage across the altcoin complex.

This latest slump has been driven primarily by spot selling - including redemptions from large exchange-traded funds, long-dormant wallets offloading holdings, and fading demand from momentum traders, as per a...