CoinDesk
Sep 21, 2025
4 0

Gold Rises 38% in 2025, Outpaced by Bitcoin’s 23% Gain

  • Gold has risen 38% in 2025, surpassing Bitcoin's 23% increase.
  • Compared to U.S. money supply (M2), gold is below its 2011 peak and remains at levels similar to 1975.
  • The highest gold value against M2 was in 1980.
  • Bitcoin regularly hits new highs versus M2 during bull cycles, including a recent all-time high.

Bitcoin relative to M2 money supply

Gold acts as a long-standing hedge and portfolio stabilizer. In contrast, Bitcoin reflects how new monetary forms respond to rapid monetary expansion.