Looking at the recent year’s competition between Bitcoin and gold, it truly makes people sigh.



The data is clear: at the beginning of the year, 1 Bitcoin could exchange for 38 ounces of gold. And now? Less than 20 ounces. A direct cut in half. To put it bluntly, from the perspective of hard asset benchmarks, purchasing power has just evaporated this much.

Silver is even more exaggerated. This thing has doubled in value. In other words, using Bitcoin to buy silver, your exchange capacity has directly shrunk by 70%. Once thought to be a stable store of value, it has been forcibly overshadowed by traditional precious metals.

What about gold? It’s in a winning state. Central banks continue to buy, with this year’s increase approaching 70%, hitting new highs. From the perspective of safe-haven assets, institutional choices are very clear.

Looking back at the narrative of the crypto market, "Epic Bottom"
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
defi_detectivevip
· 7h ago
Once this data is out, I know I'm going to get scolded... BTC compared to precious metals has been directly halved, and yet people still boast about it as a safe haven asset. The central bank is buying gold, while we are buying air; that's the gap. Silver doubling is really fierce; our story can't keep up with the metal’s price increase. "Epic bottom," haha, I've heard this phrase enough times... always said to be the bottom. Honestly, this round of the precious metals market has really left crypto a bit stunned. We've been hyping decentralized storage for so long, but it can't compete with the gold consensus created by the Federal Reserve? How ironic. The turnover of Bitcoin to gold has halved in a year, how embarrassing is that... Institutions are rushing to buy gold, and we're still here recharging our faith. So the question is, is BTC still considered a hard asset? Watching gold hit new highs and seeing BTC shrink, that gap really stings.
View OriginalReply0
gaslight_gasfeezvip
· 7h ago
This data is truly shocking; BTC has been cut in half compared to gold... The central bank's frantic gold purchases are just too tempting.
View OriginalReply0
TxFailedvip
· 7h ago
ngl this is just institutional money voting with their wallets... technically speaking we got outcompeted by literal rocks, that's gotta sting
Reply0
BearMarketHustlervip
· 7h ago
Wow, this data is pretty intense. Losing 50% of purchasing power in just a year and a half? I'm starting to doubt whether that wave of "historical bottom" back then was really genuine.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)