Gold vs Bitcoin
Two stores of value, one battleground. Sovereigns are stockpiling the ancient one at the fastest pace in modern history. The challenger crossed $100B in ETFs in 28 months. This War Room watches both — live prices, supply doctrine, vault holdings, and the share each holds of household wealth.
Decade of price action, side by side
Normalized 100 = start of selected window. Regime markers overlaid.
How much exists. How much will ever exist.
Stock-to-flow side by side. The asset with higher S2F is harder to dilute.
Gold
XAUBitcoin
BTCOne Bitcoin buys how much gold?
The honest unit price between the two stores of value. A rising line means BTC is gaining on gold.
Central banks bought 863t of gold in 2025
Three straight years above 1,000t was the modern record. 2025 cooled — but still 82% above the 2010–2021 average.
What if you had bought — then?
Pick a date, pick an amount. We'll tell you what gold, bitcoin, and the S&P 500 would be worth today.
Why hold either? The dollar tells you.
M2 money supply, federal debt, and consumer prices over the same decade gold tripled and Bitcoin did 168×.
Since 2015, the dollar supply has nearly doubled, the national debt has more than doubled, and consumer prices have risen 40%. Gold and Bitcoin are the two assets whose supply schedules don't bend to political pressure — which is exactly why central banks are buying one and households are starting to buy the other.
$175.3T of US household wealth — and where it isn't
Federal Reserve Z.1 reports $175.3T in household net worth at end-2025. Both gold and bitcoin remain low single-digit allocations.
Risk profile, head-to-head
Annualized realized volatility and 1-year return correlations. Lower vol = more "store-of-value" behavior.
Twelve criteria. One verdict.
Each axis is scored 1–10. Hover or tap any row for the case file.
Gold wins on track record, liquidity and sovereign adoption. Bitcoin wins on scarcity, portability and censorship resistance. The honest answer is they're complementary, not substitutes — one is the asset central banks already own, the other is the asset they don't yet.