Bitcoin Outperforms Gold as BTC/Gold Registers Biggest Single-Day Rise Since February 2022
Bitcoin's value against gold has experienced its largest single-day increase since February 2022, indicating potential outperformance of bitcoin and a shift of investment from gold. The sliding copper-to-gold ratio presents a bear case for bitcoin, but an uptrend is forming with rising stablecoin liquidity and bitcoin transactions. Despite bitcoin's 40% year-to-date increase, gold still outperforms it when adjusted for risk. CoinDesk previously reported on the expected momentum of bitcoin's price rally as gold loses its bullish edge.
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