2026-01-18 02:39:02

The chart you need to see: S&P 500 vs Gold vs Bitcoin priced in Gold since 2011.

Three assets, one revealing picture. Over the past 13 years, watch how traditional markets (SPY/GOLD) have moved alongside precious metals, and then observe where Bitcoin stands when denominated in gold (BTCXAU).

This comparison flips the script on how we think about portfolio composition. It's not just about dollar returns—it's about real purchasing power and how different asset classes preserve or multiply wealth across extended market cycles.

The data tells a story. From 2011 onwards, these three benchmarks paint very different pictures of what "growth" means. SPY measured against gold shows equity strength. Bitcoin measured in gold reveals something else entirely.

If you're building a long-term position, this chart matters. Understanding how Bitcoin performs against other stores of value—not just fiat currency—changes your investment calculus. The question isn't complicated: which asset class actually protects and grows your wealth?

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JustHodlIt

· 4h ago

BTC aligning with gold is the real highlight; the dollar-denominated system should have been discarded long ago.

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QuietlyStaking

· 4h ago

Bitcoin is truly tested when compared to gold; the US dollar system is too illusory.

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RetiredMiner

· 4h ago

The idea of valuing BTC in terms of gold is quite interesting... It suggests that the narrative in the crypto world needs a different approach; we can't just focus on the US dollar anymore.

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OnchainFortuneTeller

· 4h ago

Hmm... It's the same old argument of "measuring everything with gold," but honestly, looking at BTC through the gold standard does have some interesting aspects. It feels like asking which is the true store of value, and the SPY approach indeed seems a bit fragile in comparison to gold prices.

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