Gold has crushed bitcoin so far in 2022

2022 has started with a risk-off sentiment in the financial markets, leading physical gold to outperform the “digital gold”.
Source: Tradingview (Coinbase, S&P 500, Nasdaq, TVC)

Bitcoin started the year terribly, plummeting more than 25% in the first three weeks. It has since somewhat recovered in its typical volatile fashion but is still down 18% in 2022.

With its 19% decline so far in 2022, Nasdaq has, by a small margin, underperformed against bitcoin. This is surprising given that bitcoin has tended to follow Nasdaq, albeit with higher volatility.

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