Martin Place Bets
Jan 1
Gold
−4.1%
Nasdaq 100
+23.9%
Bitcoin
−3.6%
Gold
$4139.23
per ounce
Today
−0.72%
1M
−6.0%
3M
+0.4%
YTD
−4.1%
vs 200d avg−5.6%
Bitcoin
$85,540
BTC / USD
Today
−0.27%
1M
+6.5%
3M
+37.4%
YTD
−3.6%
vs 200d avg+19.3%
Nasdaq 100
$760
QQQ proxy
Today
+0.46%
1M
+5.7%
3M
+5.0%
YTD
+23.9%
vs 200d avg+13.4%
Dollar Index
$28.90
UUP proxy
−0.31%
+6.6% YTD
Fed funds rate
4.00%
target upper bound
0 bps
25 bps YTD
Last change
+25 bpsSep 17, 2026
YTD % change
Tokenized gold vs stablecoin liquidity
XAUT / USDT market cap ratio
$1 USDT buys
0.0182 XAUT
YTD
+50.4%
30D
+23.3%
365D percentile
98th
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
$85,540
Previous top
$124,728
Oct 2025
Projected bottom
$69,047
Nov 2026
Projected top
$546,244
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
+183%
outperformance
Nasdaq 100 vs M2
+470%
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
$8,243
vs Jan 2020$3,226
S&P in gold
61.9 g
vs Jan 202063.1 g
S&P in BTC
0.098 BTC
vs Jan 20200.346 BTC
Last close: Oct 7, 2026
Data: CoinGecko · Twelve Data · FRED