Regardless of 1000’s of years of historical past and an 11X bigger market capitalization, gold has returned double the efficiency of bitcoin (BTC) to its traders this yr.
Since January 1, gold has rallied 32% versus BTC’s much more modest 16%.
Right this moment’s gold worth can also be historic for an additional motive, particularly that its worth rally has reached precisely 100X because the US greenback deserted the gold customary at $35 per ounce in 1971. One ounce of gold now prices $3,500.
These numbers are considerably disappointing for BTC promoters who marketed the asset as “digital gold.”
For greater than 4 years, Gold has been a much better asset to carry than Bitcoin.
Whereas the returns have been comparable since 1Q21, Gold has had 1/4 the month-to-month vol and drawdowns, and a mere 14% correlation to shares vs. Bitcoin’s close to 60%. pic.twitter.com/DKcV3BGcm3
— Bob Elliott (@BobEUnlimited) June 13, 2025
In reality, relying on the precise timeframe you select, gold has outperformed BTC for almost 4 years. Since their November 2021 highs, for instance, gold has rallied 85% versus the 61% rally in BTC.
Bitcoin lags gold throughout Donald Trump’s second time period
In March, Protos famous that BTC carried out higher throughout Donald Trump’s first time period as president. That evaluation holds true when increasing the value comparability by means of at the moment.
When Trump first turned president in 2017, BTC was buying and selling below $900. By September 2, 2017, it had rallied to $4,600.
Evaluate that 411% rally with its woeful underperformance throughout the identical 225-day calendar stretch of this yr.
On Trump’s 2025 inauguration day, BTC was buying and selling at $102,000. It’s rallied simply 9% to $111,000 as of publication time.
In different phrases, BTC carried out 40,000 foundation factors higher throughout Trump’s first 225 days as president in 2017 than it has throughout his 225 days in 2025.
Certainly, preliminary enthusiasm about Trump’s crypto prospects have dimmed significantly since he gained his election. His memecoin TRUMP is down 88% from its January 2025 excessive.
His spouse’s MELANIA token is down 98% over the identical time interval.
Trump’s new WLFI governance token is down 34% since its launch yesterday, and the ground worth of all of his NFT collections have declined precipitously.
