Matrixport: Gold has outperformed Bitcoin, beating it by about 80% over the past year

Matrixport released a chart today stating that gold prices continue to be strong, effectively breaking through previous resistance levels. As early as summer, when gold prices approached the $2,000 mark, we pointed out that the momentum for a breakout near this key level was accumulating, and the mid-term upward window is worth paying close attention to.

With Trump and the U.S. Department of Justice serving a grand jury subpoena to Federal Reserve Chairman Powell, concerns about the independence of the Federal Reserve have further intensified. The loss of institutional credibility still constitutes structural support for gold and may accelerate central banks' reduction of reliance on the U.S. dollar, promoting diversification of foreign exchange reserves.

In a horizontal comparison, gold has outperformed Bitcoin: it has outperformed by about 80% over the past year. Current momentum remains strong, and the trend structure is still bullish, making trend-following strategies advantageous.