Bitcoin Ranks Second to Gold with 25% Year-to-Date Return
Bitcoin decreased by 0.11% in the last 24 hours, priced at $116,702, but has gained 25% year-to-date, ranking just behind gold's 29% increase among major assets.
2025 Performance Overview
- Bitcoin's 25% return is second only to gold's 29.3% as of August 8.
- Other asset performances include emerging market stocks up 15.6%, Nasdaq 100 up 12.7%, and U.S. large caps rising 9.4%.
- Gold and Bitcoin occupy the top two positions in annual asset class rankings for the first time since records began.
Cumulative Returns (2011–2025)
- Bitcoin has returned 38,897,420% since 2011, vastly outperforming all other asset classes.
- Gold's cumulative return stands at 126%, below equity benchmarks like Nasdaq 100 (1101%) and U.S. large caps (559%).
- Bitcoin's total return exceeds gold's by over 308,000 times in 14 years.
Annualized Returns (2011–2025)
- Bitcoin's average annual gain is 141.7%, compared to gold's 5.7% and various equity indexes ranging from 4.4% to 16.4%.
- Gold serves as a stable hedge but lags significantly behind Bitcoin's growth rate.
Insights from Peter Brandt
- Trader Peter Brandt emphasized Bitcoin’s potential to become a superior store of value compared to gold.
- Brandt highlighted Bitcoin's scarcity and decentralization as key advantages over traditional hedges.
Technical Analysis Summary
- From August 8 at 21:00 UTC to August 9 at 20:00 UTC, Bitcoin traded within a range of $1,534.42 (1.31%).
- Price opened near $116,900, surged to $117,886 between 05:00 UTC and 10:00 UTC with over 9,000 BTC traded.
- Strong buying occurred around $116,420; selling pressure emerged near $117,886.
- Bitcoin closed at $116,517, down 0.32% from the open, with support at $116,400–$116,500 and resistance at $117,400–$117,900.
- In the final analysis hour, Bitcoin slid slightly from $116,629.40 to $116,519.29.
- The largest volume spike occurred at 19:27 UTC, testing support at $116,547.