Martin Place Bets
Jan 1
Gold
+4.2%
Nasdaq 100
+16.8%
Bitcoin
−21.9%
Gold
$4495.19
per ounce
Today
−0.62%
1M
+10.2%
3M
−0.3%
YTD
+4.2%
vs 200d avg−1.2%
Bitcoin
$69,291
BTC / USD
Today
+7.15%
1M
+6.3%
3M
−10.6%
YTD
−21.9%
vs 200d avg+0.4%
Nasdaq 100
$716
QQQ proxy
Today
−0.20%
1M
+1.0%
3M
−0.2%
YTD
+16.8%
vs 200d avg+9.8%
Dollar Index
$27.88
UUP proxy
−0.92%
+2.8% YTD
Fed funds rate
3.75%
target upper bound
0 bps
0 bps YTD
Last change
−25 bpsDec 11, 2025
YTD % change
Tokenized gold vs stablecoin liquidity
XAUT / USDT market cap ratio
$1 USDT buys
0.0150 XAUT
YTD
+23.7%
30D
+12.2%
365D percentile
95th
YTD % change
Bitcoin cycle repeat
What if the last 4 years replay from here?
The right half mirrors the left half, anchored to today's price. Log scale.
Current price
$69,291
Previous top
$124,728
Oct 2025
Projected bottom
$51,662
Nov 2026
Projected top
$408,708
Oct 2029
Hard money vs the printer
Bitcoin, Gold, and Nasdaq 100 vs M2 money supply
Growth multiples since 2016. Log scale.
M2 since 2016
+77%
the printer's pace
Bitcoin vs M2
+111.4x
outperformance
Gold vs M2
+175%
outperformance
Nasdaq 100 vs M2
+426%
outperformance
The real benchmark
S&P 500 priced in dollars, gold, and Bitcoin
One share of the index, denominated three ways. Log scale, since 1984.
S&P in USD
$8,137
vs Jan 2020$3,226
S&P in gold
56.3 g
vs Jan 202063.1 g
S&P in BTC
0.118 BTC
vs Jan 20200.346 BTC
Last close: Aug 20, 2026
Data: CoinGecko · Twelve Data · FRED