Gold knocks on a door that's been shut for 50 years as bitcoin tests a defining support

Core Insights - Gold is currently at a critical juncture against the U.S. money supply (M2SL), testing levels not seen since 2011 and the 1970s, when it peaked at $700 an ounce [1] - Bitcoin (BTC), often referred to as digital gold, is revisiting support levels last seen during the "tariff tantrum" in April, contrasting sharply with gold's performance [1] Group 1: Gold Performance - Gold's price has surged 70% this year, reaching approximately $4,500 an ounce, compared to $1,800 an ounce in 2011 [2][3] - The current price of gold has reached a historically significant resistance zone when plotted against the U.S. money supply [2] Group 2: Bitcoin Performance - Bitcoin has experienced a decline of roughly 10% this year, contrasting with gold's significant increase [3] - Despite the decline, Bitcoin continues to achieve new highs relative to the U.S. money supply in each cycle, with the current support level marking the prior cycle high in March 2024 [3]