BTC vs Gold Spread clearly shows Bitcoin losing since Dec 17th high:- So I'd have to agree with others that Bitcoin represents risk-on and Gold, the opposite, risk-off.
Can we stop comparing gold to bitcoin lol....gold doesn't belong in the same conversation as bitcoin! Had you put 100k in bitcoin back in 2017 you would now have roughly 4.2 million versus 180k worth of gold. Sure you can say "but but but wxy if I put money in bitcoin when it was 100k I'd be down right now...." Bitcoin's rate of return stands at 230%, which is 10 times higher than the second-best performing asset class gold has had an average annual return of 10.6%
It takes an enormous amount of capital to increase the price of gold, and this is a good thing, it means an enormous amount of capital is going into the alternative asset safe haven hard money sector The market cap of gold (estimate since no one really knows how much gold is out there) has increased by over $7 Trillion when the price has moved from $2k/oz to $3k/oz That market cap increase going to bitcoin would equal a price of $500k/btc Gold leads, bitcoin follows and surpasses, even for non believers, Elite Traders, this is a signal not to follow the herd and start thinking of front running, but alas the veteran traders on this site are very happy their gold has finally beaten bitcoin during this short period of time
But here is what I see, currently going on (and which has happened in the past when there was only Gold) Dollar goes down, Gold goes up. So if the dollar debasement, and I mean at an accelerated rate not just as it has over many decades but as it did during the high inflation late 70's/early-mid 80's period, Gold will continue to rise and rise. Will Bitcoin at some point as well. Jury is still out IMO, but it hasn't shown it so far.
100-150 Day lag, sir Bitcoin $85,000/btc Gold $3,350/oz Let's remind ourselves on July 18, 2025 how gold and bitcoin are doing
We should be happy for gold, it is doing very well as of late, Gold is now beating the S&P 500 for the past 20 years even with dividends included, which means it is beating most of the fund managers out there ------------ On April 16, 2019, I started a thread from a Forbes article that bitcoin is the new gold, the price of each bitcoin was ~$5k, while an oz of gold was ~$1300 bitcoin up 1700% and gold up 250%, but on this Elite Trader forum where the description says over 100,000 of the very best traders, investors and speculators in the whole world, in the stock markets, commodities, bonds, and everything under the sun, not a single one of those Elite Traders clicked like on post
It looks like they will have to print money or risk an economic collapse... maybe it's different this time and bitcoin will not benefit and only gold and other precious metals perhaps we shall see... I don't like popcorn so will substitute my favorite drink instead (cappuccino)
The 12 week lag that is fairly evident against the M2 is also an interesting chart to look at. Signalling good things right now.