Gold Outpaces Bitcoin in Year-to-Date Performance, But Bitcoin Shows Stronger Long-Term Growth
- Gold has risen by 38% year-to-date in performance.
- Bitcoin’s advance stands at 23% for the same period.
- Adjusted for M2 growth, gold remains below its 2011 peak.
- Bitcoin hit a new all-time high relative to the M2 money supply last month.
- The all-time high for gold against M2 occurred in 1980.
The contrasting performances of gold and bitcoin reflect their different roles as assets. Gold serves as a traditional hedge, while bitcoin showcases significant growth potential during periods of monetary expansion.
In summary, despite gold’s recent strong performance, it remains below historical highs when adjusted for money supply, whereas bitcoin continues to reach new milestones against M2.(Source)
