Tokenized Commodities Outperform BTC Amid Market Rotation

• Tokenized gold PAXG and silver KAG outperformed Bitcoin in 2025s yearly performance.
• Bitcoin fell from an all-time high of around $125,000 to negative yearly returns, down 4-5%.
• December 2025 is currently up +1.82%, potentially breaking the Red November-December cycle.

Tokenized gold and silver have outperformed Bitcoin this year as cryptocurrency markets swung from euphoria around U.S. presidential elections to the deepest fear levels since 2022. Bitcoin dropped from an all-time high of around $125,000 to a negative year-over-year performance, currently down approximately 4-5%.

Investors rotated into safe-haven assets as a hedge against volatility. The real-world asset trend made tokenized commodities more accessible for retail participants, supporting the on-chain gold and silver rally. PAXG and KAG each set multiple new all-time highs during the year.

Historical Pattern Shows Red November Leads to Red December

Historical data reveal a consistent pattern for Bitcoin where Red November performance has always resulted in Red December. The monthly performance chart from 2015 through 2025 shows that this correlation held true across multiple market cycles.

November 2025 dropped -17.4%, establishing the red monthly close. However, December 2025 currently trades up +1.82%, potentially breaking the historical Red November-Red December pattern. If Bitcoin closes December in positive territory, it would mark the first time the pattern failed since data tracking began.

Tokenized Commodities Surge

Tokenized commodities surged in popularity as the RWA sector expanded accessibility for retail investors. PAXG, representing tokenized gold, and KAG, representing tokenized silver, provided on-chain exposure to precious metals without the need for physical custody or traditional commodity accounts.

Tokenized Commodities Outperform BTC This Year

The rotation shows a change in risk appetite, with investors seeking protection from cryptocurrency volatility while maintaining exposure to blockchain-based assets. Tokenized commodities offered a middle ground by combining the stability of precious metals with the convenience of digital assets.

Whether December maintains its current positive rally will determine if 2025 closes with gains or losses for the leading cryptocurrency. The historical pattern suggests December should follow Novembers direction. The current +1.82% performance shows potential deviation from this trend as the month progresses toward year-end close.