BOLD · · 1 min read

Bitcoin Beats Gold in 2023

Bitcoin Beats Gold in 2023
Disclaimer: Your capital is at risk. This is not investment advice.

The Bitcoin and Gold Chart Book

In 2023, and after a horrid year, we believe that bitcoin will beat gold. The bitcoin price collapsed by 64% in contrast to its underlying network which fell 27%. Bitcoin remains a high-growth asset and is now undervalued. That contrasts with gold, that while underpinned over the long-term, is 32% overvalued.

The January Chart Book is now available.

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Bitcoin and Gold Correction
BOLD ·

Bitcoin and Gold Correction

The Gold price had become exuberant, surpassing $5,000 for the first time in history in late January. Bitcoin also fell in late January. It is unusual but not unknown for both assets to fall simultaneously.