Bitcoin Flirts With Glory—But Can It Survive Rivals, Fickle Aristocrats, and Fading Gold?

Bitcoin: Outdoing Gold and Causing Consternation at Country Manors

In this present season—or quarter, as the modern gentry would call it—BTC has become the subject of much whispered admiration amongst institutional investors. While gold’s ETF allure wilted by 40%, tumbling from a previously robust $30B to a fainting-couch $15B, BTC ETFs recovered themselves, soaring from negatively scandalous $3.3B outflows to an entrance-worthy $10B in net inflows. Aunt Gertrude would have swooned!

But does BTC even deign to compete with gold? Mr. Horsley, ever the gentleman, suggests otherwise; both assets attract lords and ladies alike, valued as “apolitical stores of value.” But who, then, dares to call themselves rival? Why, U.S. Treasuries and bonds—those ultimate *political* SOVs, dreadfully fashionable in Westminster and utterly lacking in romance.

“In truth, Bitcoin’s true rival is destined to be U.S. Treasuries and such—the ultimate political suitors of the SOV ball.”

With respect to investor returns, BTC sprinted ahead from April, outpacing gold by an enviable 34%. (Just imagine Lady Catherine’s reaction!)

Yet—perish the thought—since mid-May, gold has pirouetted ahead by 10%, as the BTC/gold ratio tattles to anyone inclined to listen. Gossip, you see, is the lifeblood of both parlours and markets.

Even this past week, the ratio ticked up a modest 1.5%, painting BTC as rather steady—especially as Middle East tensions bid for everyone’s attention like an uninvited Wickham at the ball.

But upon a year’s reckoning, BTC soared by 58%—a result to put both the S&P 500 Index’s paltry 11% and gold’s stately 46% to shame. Should the ratio rise to an audacious 40, BTC would positively lap gold around the croquet grounds. 🏇💼

2025-06-20 15:06

Bitcoin: Outdoing Gold and Causing Consternation at Country Manors

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