Gold vs Bitcoin: Performance Through the Lens of Money Supply

Group 1 - Gold has risen 38% year to date in 2025, outperforming bitcoin's 23% increase [1] - Despite its recent performance, gold remains below its 2011 peak and at a similar level to 1975 when adjusted for M2 growth [2] - Bitcoin has consistently reached new highs relative to M2 during each bull cycle, including a record high last month [2] Group 2 - The contrasting performances of gold and bitcoin highlight their different roles as assets, with gold serving as a traditional hedge and stabilizer, while bitcoin responds uniquely to rapid monetary expansion [3]