As Bitcoin hovers around a key support, gold nears a milestone not reached in half a century.

Gold Approaches Historic Levels as Bitcoin Holds Key Support

Gold is at a pivotal point when measured against U.S. money supply (M2SL), reaching levels last seen in 2011 and not surpassed since the 1970s. During that earlier period, the metal’s price more than tripled over several years, ultimately hitting a then-record $700 an ounce.

Meanwhile, Bitcoin (BTC $88,388.75), often dubbed digital gold, has fallen toward a crucial support level, revisiting lows last touched during April’s “tariff tantrum.”

Gold, which traded near $1,800 an ounce in 2011, now sits around $4,500. When analyzed relative to the U.S. money supply—which includes cash, bank deposits, and liquid savings—the metal has entered a historical resistance zone. This year alone, gold has surged roughly 70%.

Bitcoin, in contrast, is down about 10% in 2025 but continues to hit new highs relative to the money supply each cycle. The current support level also aligns with the prior cycle high from March 2024, underscoring Bitcoin’s role as a digital store of value.