Gold has been one of the strongest performing assets in 2025, rising 38% year to date, outpacing bitcoin23% advance. It’s no secret, though, that bitcoin has done wildly better than gold (and pretty much everything else) over its short lifespan.
A check of the two popular inflation-resistant assets against a broad measure of U.S. money supply (known as M2) yields further insight about their performances.
Adjusted for M2 growth, gold — despite its recent strong run — remains below its 2011 peak and roughly the same level as it was in 1975. The all-time high for gold against M2 occurred in 1980.
Bitcoin tells a different story. Each bull cycle has seen BTC hit a record versus M2, including last month when bitcoin touched both an absolute all-time high as well as a new high relative to money supply.
This contrast could highlight the different roles of the two assets. Gold continues to serve as a long-standing hedge and a stabilizer in portfolios, while bitcoin’s behavior shows how new forms of money can respond differently to an era of rapid monetary expansion.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Developers are holding details for two weeks while fixes reach operators, in the second Lightning…
The abandoned bids would have cost over $2 million in base fees alone, leading the…
Bitcoin is testing its largest supply cluster alongside the key 50-week moving average.Read MoreCoinDesk: Bitcoin,…
Your day-ahead look for Aug. 27, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
BTC held its ground Thursday as spot bitcoin ETFs logged an eighth straight day of…
U.S. spot bitcoin funds have taken in $2.8 billion since the run began, and ether…