Eric Balchunas, senior ETF Analyst at Bloomberg Intelligence, posted on X, highlighting Bitcoin's performance relative to gold since 2022. Despite facing short-term challenges, Bitcoin has outperformed gold, with significant gains observed in 2023 and 2024, marking a 450% increase. Balchunas noted that Bitcoin has preemptively captured much of the narrative surrounding its growth, although it currently faces some difficulties in the short term.