Bitcoin Outshines Gold By Over 13,000% — ‘Let The Numbers Speak’, Expert Says
Bitcoin has risen dramatically over the last 10 years against gold, with a rise of an incredible 13,693%, according to the financial statistics shared by crypto entrepreneur Ted. The figures demonstrate the alarming divergence between the two assets from April 2015 and April 2025. In particular, this striking ascent of Bitcoin has caught the eye of investors spread around the globe. Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report Bitcoin Vs. Gold: From Equal Footing To Massive Gap Ten years ago, gold and Bitcoin were at similar prices. In April 2015, Bitcoin....
Related News
The World Bank has said it expects the price of gold to rise by 3% in 2022 but warned the price might fall sharply if the Russian central bank decides to offload large quantities of the commodity. The Russian Factor After the price of gold surged past the $2,000 mark in early March, a new World Bank report now predicts the commodity’s value will only grow by just 3% in 2022. The bank, however, said it expects prices of commodities like food — which have risen by 84% — and crude oil to stay elevated for much of 2022. While some gold supporters have predicted the price....
Getting to 10% of gold's market cap would mean that each bitcoin costs $154,000, says CryptoQuant. Bitcoin (BTC) has much further to go to suck away even 10% of gold’s market cap than old data claims, a popular indicator reveals.Highlighting numbers from Bitcoin’s realized cap on Jan. 12, Ki Young Ju, CEO of on-chain analytics resource CryptoQuant, said that the cryptocurrency had taken far less of gold’s market cap than previously claimed.Realized cap cools Bitcoin numbers gameAs Bitcoin grew in price towards the end of 2020 and hit all-time highs of $42,000 last week, a narrative....
Wallet numbers are "BS" as a way of measuring bitcoin adoption, according to Jeremy Allaire, founder of Circle, the bitcoin buying and storage firm pitched at consumers. Bitcoin wallets can be easily generated by automated means and for myriad reasons, so their numbers are a poor estimate of bitcoin's popularity, Allaire said during a panel discussion at CoinDesk's first Expert Briefing in London yesterday. Allaire was joined by Elliptic co-founder James Smith, who agreed that wallet figures are a problematic way of tracking the cryptocurrency's growth. Smith discussed his firm's efforts....
“I had to change my thought process to understand that bitcoin is no enemy of gold and silver,” says monetary expert Andy Hoffman, who writes for the precious metals website Miles Franklin. “When bitcoin hit price parity with gold in 2013, I was angry. I knew nothing about it. I assumed it was like the Federal Reserve. That, instead of 21 million coins,....
Safe-haven rivals move inversely to one another in a quarter mired by mixed inflation reports, Elon Musk FUD, and a suddenly hawkish Federal Reserve. Gold is set to outperform Bitcoin (BTC) in the second quarter of 2021.An ounce of gold has surged from $1,707.45 on April 1 to over $1,750 in the still-running June 30 session. That marked a roughly 3.9% jump over the quarter. Meanwhile, Bitcoin has plunged by more than 40% to below $35,000 after topping out near $65,000 in mid-April, all in the same period.The inverse correlation between Bitcoin and gold markets surged specifically in April....