Graham O'Nero on Nostr: Food for thought on the "bitcoin is digital gold" bromide. Is the better idea "Monero ...

Food for thought on the "bitcoin is digital gold" bromide. Is the better idea "Monero is digital gold?"

As a long time gold bug what first attracted me to XMR was how its privacy is similar to gold. So I ran some numbers for the past year to correlate monero and bitcoin to gold. Here is the executive summary:

Average Monthly Returns: Gold 3.08%, Monero 4.73%, Bitcoin 6.23%

Volatility: Gold 4.86%, Monero 8.43%, Bitcoin 10.99% (monthly standard deviation)

1. Monero shows 3x stronger correlation with gold (0.77) than Bitcoin (0.25)

2. Bitcoin's correlation with gold is much weaker, suggesting it behaves more like a tech/growth asset than a traditional safe haven

3. While both assets appreciated significantly, Bitcoin's path was far more volatile and driven by crypto-specific factors.

4. Monero's stronger correlation with gold may reflect its use case as a privacy-focused store of value, while Bitcoin increasingly trades on institutional and regulatory sentiment.