Bitcoin slipped 0.11% prior to now 24 hours to $116,702, based on CoinDesk Knowledge, however stays up 25% 12 months to this point, second solely to gold’s 29% acquire amongst main asset lessons, based on knowledge shared by monetary strategist Charlie Bilello on X.
2025 Efficiency to date
As of Aug. 8, bitcoin’s 25% year-to-date return ranked behind solely gold’s 29.3% advance. Different main asset lessons have posted extra modest good points, with rising market shares (VWO) up 15.6%, the Nasdaq 100 (QQQ) up 12.7% and U.S. massive caps (SPY) rising 9.4%. In the meantime, U.S. mid caps (MDY) and small caps (IWM) 0.2% have solely gained 0.8%, respectively. This marks the primary time gold and bitcoin have occupied the highest two positions in Bilello’s annual asset class rankings since data started.
2011–2025 Cumulative returns
Over the long term, bitcoin has delivered a rare 38,897,420% whole return since 2011 — a determine that dwarfs all different asset lessons within the dataset. Gold’s 126% cumulative return over the identical interval places it in the course of the pack, trailing fairness benchmarks just like the Nasdaq 100 (1101%) and U.S. massive caps (559%), in addition to mid caps (316%), small caps (244%) and rising market shares (57%). Primarily based on Bilello’s figures, bitcoin’s whole return has exceeded gold’s by greater than 308,000 occasions over the previous 14 years.
2011–2025 Annualized returns
When measured on an annualized foundation, bitcoin’s dominance is equally clear. The flagship cryptocurrency has delivered a 141.7% common annual acquire since 2011, in contrast with 5.7% for gold, 18.6% for the Nasdaq 100, 13.8% for U.S. massive caps and 4.4% to 16.4% for different main fairness and actual property indexes. Gold’s long-term stability has made it a priceless hedge in sure market cycles, however its tempo of appreciation has been far slower than bitcoin’s exponential climb.
Gold vs. bitcoin, based on Peter Brandt
Famend dealer Peter Brandt weighed in on Aug. 8, contrasting gold’s deserves as a retailer of worth with bitcoin’s potential to surpass all fiat alternate options. “Some suppose gold is a good retailer of worth — and it’s. However the final retailer of worth will show to be bitcoin,” he mentioned on X, sharing a long-term chart of the U.S. greenback’s buying energy. His feedback echo the rising narrative that bitcoin’s shortage and decentralization make it uniquely positioned to outperform conventional hedges over time.
Technical Evaluation Highlights
- In keeping with CoinDesk Analysis’s technical evaluation knowledge mannequin, between Aug. 8 at 21:00 UTC and Aug. 9 at 20:00 UTC, bitcoin traded inside a $1,534.42 vary (1.31%) from $116,352.52 to $117,886.44.
- Value opened close to $116,900 and moved sideways earlier than surging throughout Asian hours, climbing from $116,440 to $117,886 between 05:00 UTC and 10:00 UTC on Aug. 9, with 24-hour buying and selling quantity exceeding 9,000 BTC throughout these intervals.
- Robust shopping for emerged close to $116,420 at 05:00 UTC, whereas promoting stress intensified across the $117,886 excessive.
- Bitcoin closed the session at $116,517, down 0.32% from the open, with outlined help at $116,400–$116,500 and resistance at $117,400–$117,900
- Within the remaining hour of the evaluation interval (Aug. 9, 19:06–20:05 UTC), bitcoin remained below downward stress inside a $195.11 band, sliding from $116,629.40 to $116,519.29 (-0.09%).
- The most important final-hour quantity spike occurred at 19:27 UTC, when 296.43 BTC modified palms as worth examined $116,547 help.
- Restoration makes an attempt had been repeatedly capped close to $116,600–$116,713, consistent with earlier intraday resistance.
Disclaimer: Components of this text had been generated with the help from AI instruments and reviewed by our editorial workforce to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage.
