According to The Kobeissi Letter, Bitcoin (BTC) is up approximately 450% and Gold is up roughly 105% in under three years, highlighting outperformance of inflation-hedge assets (source: The Kobeissi Letter on X, Aug 23, 2025). According to The Kobeissi Letter, the market is pricing elevated inflation as persistent, with Gold acting as a leading indicator for months (source: The Kobeissi Letter on X, Aug 23, 2025). According to The Kobeissi Letter, asset holders have been beating inflation, reinforcing a pro-risk positioning in BTC and Gold within inflation-hedge strategies (source: The Kobeissi Letter on X, Aug 23, 2025).