Gold has outperformed Bitcoin and the S&P 500 since Bitcoin hit $100,000, raising concerns about capital flow during macro uncertainty.
Gold has seen a 26% increase since December 2024, while Bitcoin has remained near its peak and the S&P 500 has shown flat to slightly negative movements in the same period.
There is a rising concern about the increasing number of cryptocurrencies, with over 16 million tokens listed on CoinMarketCap, potentially leading to supply-driven limitations on price appreciation.
Investors are advised to exercise caution as gold continues its rally, Bitcoin struggles to regain momentum above $100,000, and risks arise from interest in safer inflation hedges, oversaturation of crypto markets, and broader macroeconomic uncertainty.