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.
