Matrixport: Gold Outperforms Bitcoin, Beating It by About 80% Over the Past Year

Odaily News Matrixport released a chart today, stating that the gold price continues its strong momentum, effectively breaking through the previous resistance zone. As early as the summer of 2023, when the gold price approached the $2,000 mark again, we noted that momentum for a breakout near key price levels was accumulating, and the medium-term upward window deserved close attention.

With former President Trump and the U.S. Department of Justice serving a grand jury subpoena to Federal Reserve Chair Jerome Powell, market concerns about the Fed's independence have further intensified. The erosion of institutional credibility continues to provide structural support for gold and may accelerate central banks' efforts to reduce reliance on the U.S. dollar and diversify their foreign exchange reserves.

In a horizontal comparison, gold has significantly outperformed Bitcoin, beating it by approximately 80% over the past year. The current momentum remains strong, the trend structure is still bullish, and following the trend remains a favorable strategy.