Why the CEO of crypto trading firm XBTO says gold is surging while bitcoin stays quiet in 2026: Asia Morning Briefing by Coin Desk | January 21, 2026 8:21 am | Crypto News XBTO CEO Philippe Bekhazi told CoinDesk in an interview that ETFs, derivatives hedging, and corporate treasuries are compressing BTC swings, while metals absorb the macro stress trade.