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]

Arthur Hayes believes the current crypto bull market has further to run, supported by global monetary trends he sees as only in their early stages. Speaking in a recent interview with Kyle Chassé, a longtime bitcoin and Web3 entrepreneur, the BitMEX co-founder and current Maelstrom CIO argued that governments around the world are far from finished with aggressive monetary expansion. He pointed to U.S. politics in particular, saying that President Donald Trump’s second term has not yet fully unleashed the ...

In an interview with Jordan B. Peterson, Michael Saylor pointed out that technological progress should naturally lead to lower prices, yet in reality, people rarely feel its effects. The key reason lies in monetary expansion. If productivity rises 20% a year, prices should drop 20%.But if the money supply grows 10%, prices only fall 10%.That missing 10%? It's quietly stolen through inflation. Gold, once seen as sound money, isn’t perfect. Fiat is worse—currencies like the Argentine peso and Russian ruble ha ...