The Scarcity Imperative: Profiting from the Gold-Bitcoin Tug-of-War
Glenn Cameron | Global Head, Onramp Institutional
May 6, 2025
We're excited to share a new co-authored research report from Onramp and Argo Digital. Backed by the Sprott family—one of the most respected names in precious metals—Argo brings deep expertise in the gold market with a modern, digital-first approach. Together, we explore how gold and bitcoin can work together as complementary pillars of a resilient portfolio.
The Scarcity Imperative
Profiting from the Gold-Bitcoin Tug-of-War in a Fiat Endgame
“After a strong start to the year where both assets saw impressive price appreciation, it’s only natural that many are revisiting the narrative around Bitcoin and its physical equivalent, Gold. The report highlights how one should view these assets in 2025, particularly as gold and other precious metals, begin to take on more digital qualities in new forms."
— Larisa Sprott, President of Sprott Money & Co-Founder of Argo
With inflation eating into savings, debt levels climbing, and confidence in fiat currencies wearing thin, more investors are looking to scarce assets for protection—and potential. This new report from Onramp and Argo lays out why gold and bitcoin, rather than competing, offer unique strengths that complement each other in a well-constructed portfolio.
Explore how gold’s historical role as a stable store of value pairs with bitcoin’s upside and fixed supply to create a powerful hedge against monetary debasement.
We dive into the different market behaviors of each asset during drawdowns and expansions—and how they can offset each other’s weaknesses.
The report also examines portfolio strategies that use systematic rebalancing to smooth volatility while capturing long-term growth.
Whether you’re new to bitcoin, a longtime gold holder, or somewhere in between, this piece offers a clear framework for thinking about hard assets in today’s environment.
Onramp provides bitcoin financial services built on multi-institution custody. To learn more about our approach to bitcoin custody and determine if our products and solutions are right for you, please reach out to schedule a consultation with our team.