Bitcoin and Gold are superior to all other major asset classes this year, reflecting how uncertainty in the US macroeconomics shapes investors’ behaviour.
Gold surged 48% per year, reaching an all-time high of nearly $4,000. By comparison, Bitcoin has won over 30% this year, reaching a new high of over $126,000. In particular, this is the first time two assets have simultaneously held top performance spots in any calendar year.
Both meetings stem from the same underlying force. A quest for safety as the US financial situation worsens and expectations are growing that the Federal Reserve will pivot to assess the cuts.
As the federal government tackles the risk of inflated debt and long-term closures, investors are increasingly pouring liquidity into assets that can maintain purchasing power.
Eco-Inometrics, a macro analysis platform, also supported this view.
He pointed out that Bitcoin is leading in total returns, but Gold continues to outperform on a risk-adjusted basis.
The pattern has been held for the past two years, according to the company, and this consistency shows a sustained preference for hard assets as US debt rises and financial advantages become a new economic reality.
The company added that investors betting on Bitcoin and gold are simply hedging against what they consider to be a slow erosion of Fiat currency values.
A longer-term edge than Bitcoin gold
Both assets praise the current market performance, but there is growing belief that BTC could soon be on the gold stage.
In an October 7 post on X (formerly Twitter), Matthew Sigel, head of digital assets research at Vaneck, said Bitcoin could reach half of gold’s market capitalization after the next half of April 2028.
Sigel emphasized that young investors, particularly emerging markets, view Bitcoin as a more valuable storage than precious metals. He said the value of gold is primarily due to its role as a value reserve, not to the demand for industry or gems.
Therefore, if Bitcoin continues to gain its perception advantage, its market could expand significantly. At Gold’s current record price, Sigel calculated an equivalent rating of $644,000 per BTC.
In particular, veterans from several industries share his optimism.
Coinroutes founder Dave Weisberger claimed that Bitcoin’s “real bull market” hadn’t started yet when measured against gold.
With this in mind, he hopes that Bitcoin will outperform gold in the coming cycle, solidifying its position as “exceptional hard money.”
Weisberger said:
“As the actual Bitcoin Bull Market begins, you’ll know that from the expression of mistrust echoing around this platform… Until then, Bitcoin will gain a share of global liquidity growth, but the actual fireworks are in the (unpredictable) future.”
Similarly, former Paypal president David Marcus said that if Bitcoin is valued like gold, its fair price is over $1.3 million per coin.
Their confidence lies on Bitcoin’s technical edge against physical bullion.
Unlike gold, Bitcoin is digitally split and can be transferred across borders without intermediaries. It also offers programmable utilities, enabling new financial use cases where traditional products cannot be replicated.
While the world economy still relies on Fiat currency for trade, changing geopolitics and increasing mistrust with government-supported money can gradually bring Bitcoin closer to the centuries-old role of gold as a valuable and universal storage.