The divergence in gold and Bitcoin price movements in 2026 is attributed to differing demand sources, according to Stephen Coltman, head of macro strategy at 21Shares. Coltman notes that gold's price increase over the past three years has been fueled by central bank purchases, reflecting its role as a geopolitical strategic asset. In contrast, Bitcoin is predominantly held by individuals, serving as a financial alternative during local banking failures and crises. Coltman highlights that gold's sensitivity to international relations makes it a preferred store of value for sovereign states, while Bitcoin offers a practical "lifeline" for individuals. He suggests that the negative correlation between the two assets presents an opportunity for investors to benefit from their distinct characteristics by holding both simultaneously.