Gold is having its best year in a decade and it still is getting lapped

The gold bugs like to bash bitcoin, and the bitcoin bulls like to bash gold.

The second one actually makes sense.

If you had invested $1 in bitcoin 10 years ago vs. investing $1 into gold, the returns would not even be comparable.

Sees:

(source:

https://twitter.com/woonomic/status/1313299182241804288/photo/1

- woonomic

When bitcoin first launched it was only worth a couple pennies so perhaps that isn't the best comparison.

However, if we just go back 4 years ago, to late 2016 when a lot of people really started getting interested in bitcoin, it still laps gold.

If you had bought bitcoin 4 years ago today, you'd be up 17x, if you bought gold on that same day, you'd be .5x

Bitcoin bests gold on just about any time frame, ever.