Bitcoin vs Gold: Returns & Volatility
Compare Bitcoin with GLD gold shares over the same market sessions, then see which asset changed the size of its swings.
Over 20 sessions, Bitcoin returned +23.13%; GLD returned +0.60%. Bitcoin led by 22.54 percentage points.
Completed session: 2026-09-09 · Retrieved 2026-09-09 23:11 UTC.
Fixed comparison: GLD gold shares and Bitcoin in USDT. Scheduled-close boundaries, not identical trade timestamps.
More movement is not the same as a better return.
Both prices are compared at the scheduled close of the gold-share market. A minus sign means the price fell; bar length shows the size of the move.
Charlie’s view. Bitcoin led over 20 sessions, but GLD led over the latest five. The result changes with the holding period. Price changes do not establish transfers between these investments.
Which side changed the swing gap?
Swing size is the spread of the percentage returns between consecutive gold-market closes. It is not annualized. Switch windows to compare both components on one fixed scale.
2026-08-25 → 2026-09-09
Charlie’s view. Bitcoin swing size changed from 2.64% to 2.46% (-0.18 percentage points). GLD gold shares swing size changed from 1.50% to 1.68% (+0.18 percentage points). Bitcoin/GLD changed from 1.76× to 1.46×. Earlier: 2026-08-11–2026-08-25 (336 hours); latest: 2026-08-25–2026-09-09 (360 hours). Each has ten returns, but holidays can change elapsed time. Swing size is the spread in session-to-session returns, not annualized 24-hour risk. No causal claim follows.
The same boundary. Not the same trading day.
GLD is a US-listed gold investment, not a spot-gold or futures series. We use its regular-session closing price and Bitcoin’s last hourly price just before that scheduled close.
Gold-share trading stops at night and on holidays. Bitcoin continues. The latest 20-session comparison includes intervals of 24–96 hours, so these are not equal-length 24-hour returns.
What this leaves open
The prices come from different markets: GLD in US dollars and Bitcoin in USDT. A change in USDT’s dollar value can affect the comparison. These closing-price summaries do not prove simultaneous trades.
There is no 60-session result or historical trading signal in this edition. The available aligned history is too short. A volatility ratio does not establish that gold hedges Bitcoin.
Ask about returns or the swing gap.
Use Bitcoin, BTC, gold or GLD, and 5, 10 or 20 sessions. Answers are computed from this saved edition.