Why Gold Is Running Now While Bitcoin Waits | Mark Moss

Gold has surged to new highs while Bitcoin has pulled back, and Mark Moss says the divergence is not a contradiction. It is the signal.Speaking with Kitco News at VRIC 2026 in Vancouver, Moss, host of The Mark Moss Show and Partner at the Bitcoin Opportunity Fund, challenges the idea that gold’s rally is simply an inflation or debasement trade. He points out that “from 2020 to 2024, the gold price didn’t go anywhere at all,” despite unprecedented money printing, asking, “if it’s really about inflation, and if it’s really about debasement, then why didn’t it move off of that?”Moss says the move reflects a deeper shift. Central banks continue accumulating gold, while individuals increasingly turn to Bitcoin. When Bitcoin is priced in gold, he said, “you see a different picture,” adding, “we don’t know bottoms or tops until we look backwards, but we know when it’s cheap.” He also warns that banks are resisting yield-bearing stablecoins because “they don’t want stablecoins that can pay a yield,” highlighting growing pressure on the traditional banking system.Recorded January 25, 2026.Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Mark Moss on X: @1MarkMoss (https://x.com/1MarkMoss)Special thanks to our sponsor, Discovery Silver. Visit https://discoverysilver.com/ to learn more about the company, its latest news, and investor materials.00:36 - Mark Moss origin story: from gold bug to Bitcoin01:41 - Gold vs Bitcoin: why they don’t move together04:28 - Trust breaks down: why gold is surging now05:49 - Bitcoin cycles: what the 4-year pattern signals09:12 - Stablecoins vs banks: the yield battle14:05 - Bitcoin strategic reserves: political headwinds15:04 - MicroStrategy: 709,000 BTC and the “NAV” debate16:23 - Bitcoin priced in gold: “You see a different picture.”17:22 - Three investor archetypes: stack, hedge, or trade18:45 - Momentum vs fundamentals in gold and Bitcoin21:22 - Regulation tailwinds: GENIUS, CLARITY, and macro setup#Gold #Bitcoin #GoldVsBitcoin #SoundMoney #MonetaryTrust #CentralBanks #Stablecoins #FiatCurrency #MarkMoss__________________________________________________________________FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.