- Despite falling to a three-month low, Bitcoin has outperformed gold by 430% since its March 2020 bottom, making it a more reliable store of value.
- According to on-chain analytics company Glassnode, the spot price of bitcoin is currently 13.3 ounces of gold, up 46% year to date.
- Bitcoin is more of a roller-coaster ride than gold, but both are ideal safe havens compared to the declining value of the US dollar.
The cost of bitcoin has reached its lowest point since the middle of March. The asset has maintained its ability to serve as a store of value, surpassing gold this year by a wide margin.
Bitcoin and gold prices have been compared by on-chain analytics company Glassnode. Additionally, the spot price of Bitcoin has increased by 46% year-to-date and is now equal to 13.3 ounces of gold.
CryptoCaster Quick Check:
Bitcoin Versus Gold: The Battle Continues
Furthermore, since the COVID-19 low in March 2020, Bitcoin has outperformed gold by an incredible margin of about 430%.

The data indicates that, despite its present price volatility, Bitcoin is still regarded as a store of value.
The price of Bitcoin has climbed by 51.6% since January 1, 2023. That gain would represent a doubling in value if the top price for the year were to be considered in mid-April.
In contrast, gold prices have increased by just 6.2% since the year’s start. Gold’s current price is $1,940/oz, down 5% from its all-time high of $2,040/oz in mid-April.
Even worse off is the more volatile Bitcoin, which has lost 63.7% of its value since hitting an all-time high of $69,000 in November 2021.
Stay in the know on crypto by frequently visiting Crypto News Today
The conclusion is that they are both wonderful safe havens or stores of value, with BTC being more of a roller coaster than gold, which is sedate and steady.
In contrast, the recent years have seen a dramatic decline in the value of the US dollar as a result of rising inflation. Data from the Inflation Tool show that overall inflation from 1956 to 2022 is a staggering 976%. As a result, $100 then is comparable to almost $1,000 now.
American inflation is at 4%, down from almost 9% at this time last year as a result of Federal Reserve interest rate increases.
If this article brought you clarity, insight, or value—support the work that made it possible.
At CryptoCaster, we report on Web3, crypto markets, and institutional finance with no billionaire owners, no shareholders, and no hidden agenda. While mainstream media bends toward Elon Musk, BlackRock, and JPMorgan narratives, we stay focused on what matters: truth, transparency, and the public interest.
We don’t just cover the headlines—we investigate the power structures behind them. From FTX and Ripple to the quiet push for CBDCs, we bring fearless reporting that isn’t filtered by corporate interests.
CryptoCaster is 100% paywall-free. Always has been. To keep it that way, we depend on readers like you.
If you believe independent crypto journalism matters, please contribute—starting at just $1 in Bitcoin or Ether. Wallet addresses are below.
Your support keeps us free, bold, and accountable to no one but you.
Thank you,
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
CRYPTOCASTER HEATMAP