Bitcoin slipped 0.11% up to now 24 hours to $116,702, in response to CoinDesk Information, however stays up 25% yr to this point, second solely to gold’s 29% achieve amongst main asset courses, in response to knowledge shared by monetary strategist Charlie Bilello on X.
2025 Efficiency thus far
As of Aug. 8, bitcoin’s 25% year-to-date return ranked behind solely gold’s 29.3% advance. Different main asset courses have posted extra modest good points, with rising market shares (VWO) up 15.6%, the Nasdaq 100 (QQQ) up 12.7% and U.S. giant 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 run, bitcoin has delivered a unprecedented 38,897,420% complete return since 2011 — a determine that dwarfs all different asset courses within the dataset. Gold’s 126% cumulative return over the identical interval places it in the midst of the pack, trailing fairness benchmarks just like the Nasdaq 100 (1101%) and U.S. giant caps (559%), in addition to mid caps (316%), small caps (244%) and rising market shares (57%). Primarily based on Bilello’s figures, bitcoin’s complete 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 achieve since 2011, in contrast with 5.7% for gold, 18.6% for the Nasdaq 100, 13.8% for U.S. giant caps and 4.4% to 16.4% for different main fairness and actual property indexes. Gold’s long-term stability has made it a helpful hedge in sure market cycles, however its tempo of appreciation has been far slower than bitcoin’s exponential climb.
Gold vs. bitcoin, in response to 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 options. “Some assume gold is a superb 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 response to 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.
- Worth 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 assist at $116,400–$116,500 and resistance at $117,400–$117,900
- Within the closing 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 arms as worth examined $116,547 assist.
- Restoration makes an attempt have been repeatedly capped close to $116,600–$116,713, according to earlier intraday resistance.
Disclaimer: Elements of this text have 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 data, see CoinDesk’s full AI Coverage.
