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Bitcoin slipped 0.11% successful the past 24 hours to $116,702, according to CoinDesk Data, but remains up 25% twelvemonth to date, 2nd lone to gold’s 29% summation among large plus classes, according to information shared by fiscal strategist Charlie Bilello connected X.
2025 Performance truthful far
As of Aug. 8, bitcoin’s 25% year-to-date instrumentality ranked down lone gold’s 29.3% advance. Other large plus classes person posted much humble gains, with emerging marketplace stocks (VWO) up 15.6%, the Nasdaq 100 (QQQ) up 12.7% and U.S. ample caps (SPY) rising 9.4%. Meanwhile, U.S. mid caps (MDY) and tiny caps (IWM) 0.2% person lone gained 0.8%, respectively. This marks the archetypal clip golden and bitcoin person occupied the apical 2 positions successful Bilello’s yearly plus people rankings since records began.
2011–2025 Cumulative returns
Over the longer term, bitcoin has delivered an bonzer 38,897,420% full instrumentality since 2011 — a fig that dwarfs each different plus classes successful the dataset. Gold’s 126% cumulative instrumentality implicit the aforesaid play puts it successful the mediate of the pack, trailing equity benchmarks similar the Nasdaq 100 (1101%) and U.S. ample caps (559%), arsenic good arsenic mid caps (316%), tiny caps (244%) and emerging marketplace stocks (57%). Based connected Bilello’s figures, bitcoin’s full instrumentality has exceeded gold’s by much than 308,000 times implicit the past 14 years.
2011–2025 Annualized returns
When measured connected an annualized basis, bitcoin’s dominance is arsenic clear. The flagship cryptocurrency has delivered a 141.7% mean yearly summation since 2011, compared with 5.7% for gold, 18.6% for the Nasdaq 100, 13.8% for U.S. ample caps and 4.4% to 16.4% for different large equity and existent property indexes. Gold’s semipermanent stableness has made it a invaluable hedge successful definite marketplace cycles, but its gait of appreciation has been acold slower than bitcoin’s exponential climb.
Gold vs. bitcoin, according to Peter Brandt
Renowned trader Peter Brandt weighed in connected Aug. 8, contrasting gold’s merits arsenic a store of worth with bitcoin’s imaginable to surpass each fiat alternatives. “Some deliberation golden is simply a large store of worth — and it is. But the eventual store of worth volition beryllium to beryllium bitcoin,” helium said connected X, sharing a semipermanent illustration of the U.S. dollar’s purchasing power. His comments echo the increasing communicative that bitcoin’s scarcity and decentralization marque it uniquely positioned to outperform accepted hedges implicit time.
Technical Analysis Highlights
- According to CoinDesk Research's method investigation information model, betwixt Aug. 8 astatine 21:00 UTC and Aug. 9 astatine 20:00 UTC, bitcoin traded wrong a $1,534.42 scope (1.31%) from $116,352.52 to $117,886.44.
- Price opened adjacent $116,900 and moved sideways earlier surging during Asian hours, climbing from $116,440 to $117,886 betwixt 05:00 UTC and 10:00 UTC connected Aug. 9, with 24-hour trading measurement exceeding 9,000 BTC during these intervals.
- Strong buying emerged adjacent $116,420 astatine 05:00 UTC, portion selling unit intensified astir the $117,886 high.
- Bitcoin closed the league astatine $116,517, down 0.32% from the open, with defined enactment astatine $116,400–$116,500 and absorption astatine $117,400–$117,900
- In the last hr of the investigation play (Aug. 9, 19:06–20:05 UTC), bitcoin remained nether downward unit wrong a $195.11 band, sliding from $116,629.40 to $116,519.29 (-0.09%).
- The largest final-hour measurement spike occurred astatine 19:27 UTC, erstwhile 296.43 BTC changed hands arsenic terms tested $116,547 support.
- Recovery attempts were repeatedly capped adjacent $116,600–$116,713, successful enactment with earlier intraday resistance.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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