Gold Nears a Historic Monetary Threshold as Bitcoin Tests Key Support

Adjusted for U.S. money supply, gold is approaching a level that has acted as resistance for decades. It was last reached in 2011 and only decisively surpassed during the inflationary surge of the late 1970s.

Bitcoin, often viewed as digital gold, is instead pulling back toward a critical support zone—one that aligns with the April macro-driven selloff and the prior cycle high earlier this year.

Gold’s strength signals growing concern over currency debasement. Bitcoin’s current position reflects cycle consolidation rather than a breakdown of its long-term trend.

Markets are confronting the same underlying issue through two very different assets.