Canadian Crypto Observer

By Aditya Nain on August 29, 2025
Estimated reading time: 4 minutes

By Aditya Nain on August 29, 2025
Estimated reading time: 4 minutes

Ethereum (ETH) and silver rise together, ETH could touch $8,000 in 2025, ETH ETFs attract massive inflows, and ETH-focused treasury companies are all the rage.

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

2025 has been the year of “hard assets,” including gold and bitcoin (BTC), the latter often dubbed “digital gold.” As monetary policy eased, investors rotated into these inflation-hedging assets.

But that’s not the whole story. If you were laser-focused on gold and BTC this year, you may have missed two even stronger performers: silver and ethereum (ETH). As gold and BTC cooled in recent months, silver and ETH stole the spotlight.

The chart below compares the year-to-date price appreciation of these four assets. It’s clear that while ETH lagged the others until April, it’s since shot up to overtake them.

While gold and BTC get most of the press and the spotlight, it’s not surprising that the second-largest assets in their respective asset classes (precious metals and crypto) have outperformed this year. In fact, in an earlier edition of this column, I’d written that based on earlier crypto market patterns, ETH could well outperform BTC in 2025—and so far, that’s been the case.

In my previous column, I’d written that........

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