Gold Sets New Price Record and Surpasses Bitcoin in Returns

Gold has outperformed Bitcoin over the past 12 months, despite a 14-fold difference in price.

The precious metal reached an all-time high of $4,381 per ounce, marking a 60.5% increase compared to its price a year ago. Bitcoin also rose by 60%, but remains 15% below its peak.

Currently, Polymarket traders show a bearish sentiment toward BTC. The highest odds for Bitcoin reaching $100,000 by Halloween stand at 42%.

On rival prediction platform Kalshi, traders give a 64% probability that BTC will fall below $100,000 this year.

Trump’s second term has been better for gold than for Bitcoin

Against this backdrop, the percentage growth of the world’s most valuable commodity compared to BTC is impressive.

Gold has risen across all key short-term charts:

• Over the past week, it gained 6%, while BTC fell 10%.
• Over the past month, gold rose 16%, while BTC lost 7%.
• Since the start of the year, gold has gained 62%, while BTC is up only 59%.
• Over the past year, gold outperformed BTC’s 60% growth by 0.5%.

Despite starting from much lower levels, BTC has undeniably outperformed gold over the long term, considering that the first cryptocurrency is only 17 years old.

See also: "New gold price record pushes gold futures and ETFs to all-time highs"

#Bitcoin (BTC) #Gold #Investment

Share: