Bitcoin Price Update

Bitcoin has seen a slight decline of 0.11%, landing at $116,702 over the past 24 hours. Despite this minor dip, it has experienced a considerable annual increase of 25%, according to data from Coindesk.

Performance Highlights for 2025

By August 8, Bitcoin’s performance this year has been strong, particularly when compared to gold’s impressive 29.3% gain. Other significant asset classes have not performed as dramatically, with the VWO rising 15.6%, the Nasdaq 100 increasing by 12.7%, and major US caps up by 9.4%. Small-cap and mid-cap sectors hardly moved, each rising just 0.8%. Interestingly, this marks the first occasion in Billello’s asset class rankings where gold and Bitcoin occupy the top spots since records began.

Long-Term Cumulative Returns

Looking at long-term prospects, Bitcoin boasts an astonishing gross return of 38,897,420% since 2011—an unprecedented number that dwarfs all other asset classes within that timeframe. By comparison, gold had a cumulative return of just 126%, placing it solidly in the middle of the pack against equities like the Nasdaq 100 (1101%), large caps (559%), mid caps (316%), small caps (244%), and emerging markets (57%). In fact, Bitcoin’s overall revenue has eclipsed gold’s by more than 308,000 times over the past 14 years.

Annual Returns (2011-2025)

When considering annual returns, Bitcoin continues to shine with an average annual growth rate of 141.7% since 2011. For context, gold’s growth lags significantly at 5.7%, and other notable indices such as the NASDAQ 100 and large cap stocks also fall short at 18.6% and 13.8% respectively. Gold has proven to be a stable hedge across certain market cycles, yet it simply cannot match the swift ascent of Bitcoin.

Gold vs. Bitcoin: Insights from Peter Brandt

Renowned trader Peter Brandt recently shared insights comparing gold’s role as a store of value against Bitcoin’s potential to surpass traditional fiat alternatives. His remarks underscored a growing perspective that Bitcoin’s scarcity and decentralized nature have positioned it as a more potent option for future value storage, especially in light of the US dollar’s diminishing purchasing power.

Technical Analysis Summary

• On August 8th, Bitcoin traded in a range of $1,534.42, with data from Coindesk’s technical analytics indicating movement from $116,352.52 to $117,886.44.
• The trading day opened near $116,900. It was relatively stable before a surge during Asian hours, pushing the price from $116,440 to $117,886 between 05:00 UTC and 10:00 UTC, where trading volumes exceeded 9,000 BTC.
• At 05:00 UTC, strong buying pressure peaked near $116,420, but selling pressure pushed back to $117,886.
• Bitcoin closed at $116,517, marking a 0.32% decrease from its opening price, with support seen between $116,400 and $116,500 and resistance between $117,400 and $117,900.
• At the end of the analysis period (August 9, 19:06–20:05 UTC), Bitcoin faced downward pressure within a band of $195.11, sliding from $116,629.40 to $116,519.29.
• The highest trading volume occurred at 19:27 UTC, with 296.43 BTC exchanged while testing support at $116,547.
• Efforts to recover met resistance between $116,600 and $116,713, which aligned with earlier daytime resistance levels.