Gold Surges While Bitcoin Struggles in Market Performance
- Gold has risen over 60% year-to-date, trading at approximately $4,340 per ounce.
- Since its low in 2022, gold has gained about 150% against the M2 money supply.
- The gold/bitcoin ratio is up around 50% this year, with Bitcoin priced at about 24 ounces per BTC.
- Bitcoin’s market capitalization is nearing $2 trillion, corresponding to a price of roughly $100,000.
- Currently, Bitcoin represents about 7% of gold’s total market value.
Gold’s significant rise reflects its performance against the M2 money supply and highlights its strength compared to Bitcoin. As Bitcoin approaches a market cap of $2 trillion, it remains significantly below its all-time high set in December.
With gold gaining approximately 150% since its low and Bitcoin trading around $100,000, the contrasting performances underline the current state of both assets in the market.
