Bitcoin’s Shocking Triumph Over Gold: You Won’t Believe the Numbers! 💰✨

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Oh, gather ’round, dear friends, for a tale of Bitcoin, the cheeky little rascal that has been strutting its stuff like a peacock in a field of daisies! 🌼 Bitwise’s very own Matt Hougan, a chap with a twinkle in his eye, has declared that our beloved Bitcoin is not just a passing fad but a long-term superstar! Since Election Day, it has pranced about with a dazzling 24.3% gain, while the rest of the market has been doing the cha-cha sideways! 💃

Matt Hougan: The Optimistic Oracle of Bitcoin

In a recent post on the mysterious land of X, Hougan waved his magic wand and reminded us all that Bitcoin is not just a shiny coin but a heavyweight champion against gold and those dusty old stocks. 🥊

According to his crystal ball (or perhaps just some clever analysis), Bitcoin has outshone gold, which only managed a meager 13.9% return while the world was busy worrying about the economy. Talk about a glow-up! ✨

But wait, there’s more! Bitcoin also left the S&P 500 and NASDAQ in the dust, which took a little tumble, down 2.9% and 5.1%, respectively. It’s like watching a tortoise outrun a hare, isn’t it? 🐢💨

So, if you’ve been clutching onto your Bitcoin since Election Day, congratulations! You’re likely sitting on a pile of profits bigger than a mountain of mashed potatoes at Thanksgiving! 🥔

Returns since Election Day:

* BTC: 24.3%
* Gold: 13.9%
* SPY: -2.9%
* QQQ: -5.1%

It’s a bit of a head-scratcher watching Bitcoin do the sideways shuffle during all this macro uncertainty. But let’s not forget to zoom out and see that we’re actually making progress! 🎉

— Matt Hougan (@Matt_Hougan) March 31, 2025

Now, Hougan, with a sigh and a wink, pointed out that Bitcoin’s little hiccups are just a result of the market’s mood swings, thanks to inflation worries and interest rate shenanigans. It’s like trying to dance at a wedding when the DJ keeps changing the song! 🎶

But fear not, for Bitcoin’s post-election performance has kept the spirits high among investors, who are all waiting with bated breath for the next big rally. 🚀

“Oh, it’s a right pickle watching Bitcoin do its sideways jig during all this uncertainty,” Hougan lamented, shaking his head. “But let’s take a step back and remember, we’re making progress!”

In a twist that would make even the best storytellers gasp, Bitcoin’s triumph over gold after the election throws a spanner in the works of the old tale that Bitcoin and gold are two peas in a pod. Who knew? 🤔

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2025-04-01 02:07