The odds that Bitcoin will outperform gold in 2026 have risen to 59% on Polymarket, following the crypto’s move back above $90,000 to start the year.

Bitcoin concluded 2025 down roughly 6%, sharply underperforming gold, which surged over 65% to become the year’s standout asset, per TradingView.

While the digital asset saw a strong start, it faced extreme volatility, peaking at $126,000 in early October before a lack of fresh catalysts and uneven demand triggered a steep year-end retreat.

The rising odds on prediction markets reflect growing trader confidence in Bitcoin’s potential to deliver stronger returns than the traditional precious metal this year.

Near-term expectations are becoming more restrained among some analysts.

Jurrien Timmer of Fidelity Investments believes Bitcoin may have completed its halving-cycle bull phase and could enter a period of consolidation in 2026. The strategist thinks prices could return to the $65,000–$70,000 range, while still seeing upside in the long run.