Investors shift to risk assets, Bitcoin set to outperform gold this year.

Investors are increasingly favoring risk assets over safe havens, with a record $220 billion inflow into risky assets in the past month. Bitcoin is gaining momentum against gold, supported by rising investor risk appetite and positive signals from Federal Reserve nominee Kevin Warsh, who called Bitcoin "new gold." The Bitcoin-to-gold ratio has shown signs of a cyclical low and is poised for a potential 42% outperformance over gold by year-end. This suggests a broader capital rotation toward Bitcoin as a leading risk asset in the current macroeconomic environment.