According to @charliebilello, gold has outperformed Bitcoin by 19% since the inception of the first Bitcoin ETF in January 2024, with GLD and IBIT referenced as the comparative proxies, source: X post by @charliebilello on Nov 22, 2025; bilello.blog/newsletter. For traders, this marks a 19% relative-strength spread over that window, implying a positive GLD/BTC spread and a negative BTC/Gold spread on a simple price comparison, source: @charliebilello on X. Instrument context: GLD is SPDR Gold Shares and IBIT is the iShares Bitcoin Trust, sources: ssga.com; ishares.com.

According to Milk Road (@MilkRoadDaily), an investment of $100,000 in Bitcoin in January 2020 would have generated an impressive +863% return by May 2025, significantly outperforming gold, which posted a +90% return over the same period. This data highlights Bitcoin’s superior performance as a trading asset compared to traditional safe havens like gold, reinforcing its appeal for traders seeking high-growth opportunities in the crypto market (source: Milk Road, May 2, 2025).