Gold vs. Bitcoin: Tracking Performance Relative to Money Supply
Gold has posted a strong 38% gain year-to-date in 2025, outpacing bitcoin’s 23% advance. However, when adjusted for U.S. money supply (M2), gold has yet to surpass levels seen in 2011, highlighting its long-term role as a stable hedge rather than a high-growth asset.
Bitcoin, in contrast, has consistently reached record highs relative to M2 during each bull cycle, including last month’s all-time nominal and relative highs. This contrast illustrates how traditional and digital assets behave differently amid rapid monetary expansion.
About The Author
More Stories
Bitcoin Shows 8 of 12 Capitulation Signals, but VanEck Says Bottom Is Still Ahead
Bitcoin Holds Six-Week Range as Global Bond Yields Reach Multi-Decade Highs
OpenAI Falls Behind Anthropic as Losses Mount and Frontier Training Paused