Bitcoin vs. Gold vs. S&P 500 in 2026

Bitcoin posted its strongest weekly gains in over three years, surging 23%. But the rally, fueled by US Treasury Secretary Scott Bisnett's actions, revived a question older than the surge itself: What truly gives Bitcoin its value? The idea of ​​digital gold is facing a tough test. Gold rose by more than 7% in 2026, while Bitcoin remained down by about 10% despite its recent rebound. Has Bitcoin become a genuine financial asset, or is it still essentially a speculative tool searching for a narrative to justify its price? @maykhadra_bn #Arabic_Business

Bitcoin posted its strongest weekly gains in over three years, surging 23%. But the rally, fueled by US Treasury Secretary Scott Bisnett's actions, revived a question older than the surge itself: What truly gives Bitcoin its value? The idea of ​​digital gold is facing a tough test. Gold rose by more than 7% in 2026, while Bitcoin remained down by about 10% despite its recent rebound. Has Bitcoin become a genuine financial asset, or is it still essentially a speculative tool searching for a narrative to justify its price? @maykhadra_bn #Arabic_Business

Update: Why These Analysts Say Bitcoin Will Double By Next Year - And Could Reach $500,000 By The End Of The Decade -- Need to Know -- MarketWatch

Why These Analysts Say Bitcoin Will Double By Next Year - And Could Reach $500,000 At The End Of The Decade -- Need to Know -- MarketWatch

Gold surprises everyone; the yellow metal surpasses $4,600 today. The rise isn't because the world prefers gold in times of uncertainty, but because investors have begun to fear the dollar. The Treasury Department has started buying long-term bonds heavily to lower yields, but the market interpreted the move as a signal of future currency weakness. Gold ETFs saw their largest inflows since last January. The battle today is no longer between gold and the dollar, but between confidence and fear. Will the rise continue if the dollar doesn't recover? @mayaj_bn #Arabic_Business

Gold on the rise; 34% growth in the past two months After falling at the beginning of the year, the global gold price has grown by 12% in the past two months and reached $4,600. At the same time, the free dollar has also increased by 21%; a combination that has brought the return of gold funds such as "Rose Bergamot" to 34%; higher than the dollar and the stock market. Market performance since the beginning of July: "Rose Bergamot" gold fund; 34% Free market dollar; 21% General stock market index; 19% Gold funds have become very popular among people these days, due to the possibility of buying and selling online and reliable physical support. See the tutorial on how to buy a gold fund here.

[UPDATE] Bitcoin and gold surge as Bessent’s bond market intervention hits dollar (first reported at 2026-08-21T10:37:16Z)

[UPDATE] Bitcoin and gold surge as Bessent’s bond market intervention hits dollar (first reported at 2026-08-21T10:37:16Z)

Staying Low • • Equities hit record highs and crypto lagged. The S&P rose 0.44% to 7,785.76, a third straight weekly gain, and the Russell 2000 added 3.15%. BTC fell 3.08% to $62.8K and total market cap fell 2.22% to $2.160T. • CPI landed exactly on consensus and rate hike expectations have lowered. Headline 3.4% y/y, core 2.5%. Polymarket now prices 75% hold against 25% hike, versus 56% and 41% on August 10. • Regulation Crypto proposal vote delayed. No replacement date for the back up proposal for CLARITY. CLARITY sits at 20% on Polymarket, down from 25%. Both the legislative and regulatory paths are now stalled. • Q2 13Fs show banks growing ETH exposure three times faster than BTC. Morgan Stanley added 18.6% to ETH against 3.7% to BTC in coin terms; JPMorgan added 67.3% to ETH against 12.2% to BTC. • Volatility compressed for a fourth week. DVOL 34.83, with the VIX and MOVE both down 7.8%. Aggregate OI built 2.7% to $118.07B, the long/short ratio ran to 61.68% before falling back to 54%, and September puts cost 1.27x calls of equal delta. • BTC ETFs saw $385.2M in net outflows. ETH ETFs lost $3.0M. ETH continues to hold up better than BTC. • Equities Hit New Highs • The S&P 500 rose 0.44% from Monday's 7.751.74 open to Friday's 7,785.76 close, a new high and its third consecutive weekly gain. The Nasdaq added 0.18%, the Russell 2000 gained 3.15%, and the Dow lost 0.6%. Small caps outperformed large caps while crypto dipped. • • BTC opened the week at $64.8K and finished Sunday at $62.8K, down 3.08%. ETH held up marginally better at -1.80%. Total market cap fell 2.22% to $2.160T. Brent gained 3.58% and gold added 0.84%. BTC has now held its $60K to $66K range since June. • Inflation, SEC Delays and 13Fs • Consensus CPI • Headline CPI rose 0.1% m/m and 3.4% y/y, down from 3.5%. Core rose 0.2% m/m and 2.5% y/y, down from 2.6%. Both exactly in line with consensus. • Core at 2.5% is close to target. The gap between it and the 3.7% headline PCE print from two weeks ago is energy costs rather than the labour market, which is why a hike is now hard to justify on the inflation data alone. Polymarket now prices 75% hold against 25% hike, versus 56% and 41% on 10 August. • • SEC Delays • The SEC cancelled the open meeting scheduled for 10am ET Friday, August 14 at which the Regulation Crypto proposal was to be voted on. The cancellation notice cited an unforeseen scheduling issue and gave no replacement date. • The roughly 400-page proposal contains three pathways: • Startup exemption. Sell up to roughly $5M of tokens to US buyers over a four-year window without registering the offering. Disclosure is a public whitepaper rather than audited accounts, and the issuer notifies the SEC on entering and exiting the window. • Fundraising exemption. Sell up to $75M in any twelve-month period without registering, in exchange for audited financials and semiannual reporting. The cap is lifted directly from Regulation A+ Tier 2, the SEC's existing mini-IPO route for smaller companies. • Decentralization safe harbor. Once a network's founders have permanently stopped the managerial work they promised buyers, the token exits securities classification entirely. • The proposal has not been withdrawn. A vote would only have opened a notice-and-comment period, so the cancellation delays the start of rulemaking rather than killing the policy. Our July 27 issue described Regulation Crypto as the weaker fallback if CLARITY fails. Both paths are now stalled. CLARITY sits at 20% on Polymarket, down from 25% last week. • • Institutional Purchases • We saw several institutions increase their crypto holdings after the Q2 13Fs were released on August 14. Morgan Stanley's bitcoin holdings fell 11% in value but rose 3.7% in BTC terms to 11,510 coins, with its IBIT reduction more than offset by 739 BTC in its own newly launched trust. Its ETH exposure rose 18.6% to 84,243 ETH. JPMorgan added 12.2% to bitcoin, reaching 10,513 BTC, and 67.3% to ETH, at 19,148 ETH. Between them the two banks added roughly 1,556 BTC (~$91M) and 20,897 ETH (~$33M) over the quarter. ETH grew more than three times faster in proportional terms, though bitcoin still took the larger share of the money. Druckenmiller’s Duquesne Family Office disclosed a new position in Hyperliquid Strategies (PURR) of 2,941,500 shares worth $23.15M, 0.44% of its $5.21B book. • Note: A bank's 13F is largely client custody, not a proprietary book, and it captures only long positions in reportable securities. • OI Building Up • Deribit DVOL sits at 34.83 compared to 36.21 in our previous article. Volatility has dropped even further and is near its 12 month lows. The VIX and MOVE are both down 7.8%, so cross-asset volatility is falling alongside crypto. • • Aggregate crypto futures OI reached $118.07B on August 16 against $115B last issue, up 2.7% and the highest since June. Coinglass's 24-hour long/short ratio ran as high as 61.68% / 38.32% into the weekend against 49.74% / 50.26% last week, and has since unwound to 54% / 46%. In the BTC options market, we see traders are paying a premium for downside protection. Puts expiring in September costs 1.27x that of calls of equal delta. • ETF Flows Flip Positive • BTC and ETH ETFs saw $388M of outflows last week. BTC ETFs saw $385.2M, the worst in 5 weeks and a reversal of last week. ETH ETFs had a very slow week with $3M of net outflows, extending the pattern of the past four months where ETH holds up better than BTC. • • Key Events for the Week Ahead • Monday, August 17 • US: Empire State Manufacturing, NAHB Housing Market Index. • Tuesday, August 18 • UK: Labour market, 7am BST. • Wednesday, August 19 • UK: July CPI, 7am BST. • Thursday, August 20 • US: Initial jobless claims, Philadelphia Fed, existing home sales • CFTC Innovation Advisory Committee meets with crypto regulation first on the agenda, the only live regulatory venue left this month after the SEC cancellation. • China: PBOC Loan Prime Rate fixing. • Friday, August 21 • Japan: July national CPI. • Global: S&P Global flash manufacturing and services PMIs across the US, UK, Eurozone and Japan. • UK: July retail sales

Why Bitcoin Is Falling Behind Stocks and Gold in 2026. • Bitcoin has spent much of 2026 consolidating in a relatively narrow band after peaking near $126,000 in October 2025. As of earl

Why Bitcoin Is Falling Behind Stocks and Gold in 2026. • Bitcoin has spent much of 2026 consolidating in a relatively narrow band after peaking near $126,000 in October 2025. As of earl

UBS expects gold prices to return to $5,000 in the first half of 2027. Three structural supports: 1. Declining real interest rates: Gold does not generate returns, and declining real interest rates reduce the opportunity cost of holding it. UBS expects inflation to gradually decline, and after the Federal Reserve maintains interest rates unchanged in 2026, it will resume rate cuts in 2027, which will benefit gold investment demand. 2. Weaker dollar + diversified allocation: The US has a large fiscal and current account deficit, and investors are already over-allocated to dollar assets, leaving room for the dollar to weaken in the medium term. Historically, a weaker dollar has been the strongest tailwind for gold, and the trend of de-dollarization is also beneficial to gold. 3. Continued high central bank gold purchases: Central bank gold purchases reached 289 metric tons in the second quarter of this year, a strong performance. UBS maintains its full-year gold purchase forecast of 750-1000 metric tons. Even with weak private investment demand, central bank demand still provides solid bottom support. BCA Research View Chief Strategist Noah Weisberger stated: - The rise in gold prices and the strength of gold mining stocks reflect deepening market concerns about the sustainability of inflation and the Federal Reserve's ability to combat inflation. - Gold prices still have room to rise further, and even a new all-time high cannot be ruled out. - The market is not tolerant of the credibility of Federal Reserve Chairman nominee Kevin Warsh; as long as inflation persists, it will push up gold prices and gold mining stocks. Gold Mining Stock Opportunities - The VanEck Gold Miners ETF (GDX) manages approximately $25.4 billion in assets and holds 59 mining stocks. - Valuation is significantly undervalued: a trailing P/E ratio of 14.1x and a forward P/E ratio of 10.4x (compared to the S&P 500's 28.1x/20.2x). Many gold mining companies have improved their profit margins and balance sheets, and are virtually uncorrelated with the AI ​​theme, making them suitable as market "ballast" for risk diversification.

S&P 500 has added crypto's $2 trillion market cap this month. Bitcoin is not impressed. Here's why. • The S&P 500 just added roughly the entire crypto market's value this month. Bitcoin has barely moved, and the reasons go beyond the obvious.

S&P 500 has added crypto's $2 trillion market cap this month. Bitcoin is not impressed. Here's why. • The S&P 500 just added roughly the entire crypto market's value this month. Bitcoin has barely moved, and the reasons go beyond the obvious.

GSR: Bitcoin, Ether and Solana Tumble in 2026, With SOL Down Over 40% • • GSR’s Core3 model portfolio allocated 44.1% to ETH, 36.5% to SOL and 19.3% to BTC as of August 5. Bitcoin, Ether and Solana were down 24.82%, 35.49% and 40.21% year to date, respectively. The model portfolio lost 57.78% over the past year, underperforming the equal-weight basket’s 49.84% decline. As trading activity and volatility eased, GSR increased its Bitcoin allocation and reduced its Ether exposure.

Gold hits 6-week highs on China demand as Bitcoin ignores fresh S&P 500 record

Bitcoin Suddenly Soars On Surprise Congress Price Game-Changer. • The bitcoin price has struggled through 2026 as traders await bitcoin’s “ultimate catalyst”...

Gold has long attracted older, risk-adverse investors. Now, a new crop of investors is playing catch up

[Replying to @spectatorindex] @spectatorindex 72% chance Gold outperforms Bitcoin in 2026. >

[Replying to @spectatorindex] @spectatorindex 72% chance Gold outperforms Bitcoin in 2026. >

Gold has now overtaken the US Dollar as the world's top reserve asset.

Gold investors looking at “digital gold” Bitcoin investors

Gold investors looking at “digital gold” Bitcoin investors

"A Shoot First, Think Later" Market, As Both Goldman & JPM See Feverish Rotation Out Of Digital Into Physical World

[Replying to @Cointelegraph] @Cointelegraph > BULLISH: Saylor says Strategy will keep buying Bitcoin, projecting 2–3x stronger returns than the S&P 500 in the long term.

[Replying to @TheBTCTherapist] @TheBTCTherapist > JUST IN: Michael Saylor says that Bitcoin will increase 2-3x more than the S&P over the next 4-8 years.

[Replying to @BitcoinMagazine] @BitcoinMagazine > JUST IN: Rich Dad, Poor Dad author says, “If I had to choose only one asset”, among Bitcoin and Gold. “I would choose Bitcoin”

Gold and silver price swings are powering algo traders and machine-learning funds

Gold and silver price swings are powering algo traders and machine-learning funds

Bitcoin just suffered its largest weekly decline in three years. The worst part for some of crypto’s permabulls is that they aren’t sure what exactly caused the crash.