The post Gold knocks on a 50-year closed door as BTC price faces a defining support test appeared on BitcoinEthereumNews.com. Gold is at a critical juncture whenThe post Gold knocks on a 50-year closed door as BTC price faces a defining support test appeared on BitcoinEthereumNews.com. Gold is at a critical juncture when

Gold knocks on a 50-year closed door as BTC price faces a defining support test

Gold is at a critical juncture when measured against U.S. money supply (M2SL), testing a level it last reached in 2011 and not surpassed since the 1970s, when the price more than tripled to a then-record $700 an ounce over the course of several years.

In contrast, bitcoin BTC$87,201.68, referred to by some supporters as digital gold, has dropped toward a support level, revisiting lows it last touched during the “tariff tantrum” in April.

Back in 2011, gold cost $1,800 an ounce. It’s now around $4,500. When plotted against the money supply, which represents the total stock of dollars circulating in the U.S. economy, including cash, bank deposits and liquid savings, the price has reached a level that’s historically acted as a major resistance zone.

To get there, the precious metal has surged 70% this year. This sharply contrasts with bitcoin, which is down roughly 10%. Still, bitcoin continues to make fresh highs relative to the U.S. money supply each cycle, and the current support level also marks the prior cycle high in March 2024.

BTCUSD/M2 Money Supply (TradingView)

Source: https://www.coindesk.com/markets/2025/12/24/gold-knocks-on-a-door-that-s-been-shut-for-50-years-as-bitcoin-tests-a-defining-support

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