Gold Reaches a Key Monetary Threshold While Bitcoin Consolidates
Measured against the U.S. money supply, gold is once again approaching a level that has historically acted as long-term resistance. This zone was last tested in 2011 and before that during the inflation-driven breakout of the late 1970s.
At the same time, Bitcoin is retracing toward an important support area. This zone aligns with the April macro selloff and the previous cycle high earlier this year, making it structurally significant.
Gold’s outperformance signals growing concern around currency debasement and macro stability. Bitcoin’s pullback, however, appears more like cycle consolidation rather than a breakdown of its broader trend.
Both assets are responding to the same monetary pressures — but at different stages of their respective cycles.
