Despite a 3-month low, Bitcoin Still Outperforms Gold as a Store of Value

  • 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%.

Bitcoin vs Gold Ratio. Source: Glassnode

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.CRYPTOCASTER® - DECENTRALIZED FREEDOM!

We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. 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
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like