Bitcoin News Today: Bitcoin's Bull Run Forces S&P and Gold to Justify Existence

Anthony Pompliano, a prominent Bitcoin advocate and founder of Professional Capital Management, has declared Bitcoin as the new "hurdle rate" in modern finance, asserting that the cryptocurrency is redefining the benchmark for investment returns amid global monetary inflation. In multiple recent interviews and social media posts, Pompliano emphasized that Bitcoin's value will continue to rise as long as central banks and governments maintain expansive monetary policies, a trend he argues erodes the purchasing power of fiat currencies. His comments align with broader market sentiment that Bitcoin is increasingly viewed as a superior store of value compared to traditional assets [1][2][3].

Pompliano's analysis focuses on Bitcoin's outperformance relative to the S&P 500 and gold. He noted that while the S&P 500 has surged over 100% since 2020, its returns are significantly diminished when measured in Bitcoin terms. For instance, the index has lost 90% of its value against BTC over the same period. Similarly, Bitcoin has outpaced gold by over 1,600% since 2020, compared to gold's 158% gain. Pompliano described Bitcoin as a "savings technology" that enables investors to preserve wealth in an era of declining fiat currencies, urging a disciplined approach of allocating a portion of earnings to BTC [1][3].

The concept of a "hurdle rate"-the minimum return required for an investment to be considered worthwhile-has been redefined by Bitcoin, according to Pompliano. He argued that traditional assets must now outperform Bitcoin to justify their inclusion in portfolios. This shift is driven by Bitcoin's 24/7 liquidity, global accessibility, and resistance to inflation, which he claims make it a more dynamic benchmark than the S&P 500, which operates only during U.S. trading hours. Pompliano's optimism is supported by recent price action: Bitcoin hit a record $126,198 in October 2025, despite a slight retracement to $124,714 at press time [1][4].

Institutional adoption and regulatory developments have further bolstered Bitcoin's credibility as a benchmark. The launch of spot Bitcoin ETFs in the U.S. and other markets has attracted billions in inflows, signaling growing mainstream acceptance. Additionally, VanEck's research suggests that Bitcoin could capture half of gold's store-of-value market, implying a price of $644,000 per coin if gold's current price of $4,000 per ounce holds. This projection underscores the cryptocurrency's potential to rival gold as a preferred reserve asset, particularly among younger investors in emerging markets [4][7].

Pompliano's long-term outlook for Bitcoin remains ultra-bullish. He has repeatedly predicted the asset will surpass $1 million, citing its role as a hedge against currency devaluation and its adoption by institutions. His analysis highlights that Bitcoin's outperformance over traditional assets is not merely speculative but rooted in its scarcity, decentralization, and utility as a digital alternative to gold. However, critics argue that Bitcoin's market capitalization-currently around $2.4 trillion-remains significantly smaller than gold's $23.1 trillion, raising questions about its scalability as a global reserve asset [4][6].

The debate between Bitcoin and gold as competing stores of value continues to evolve. While gold retains its historical appeal and tangibility, Bitcoin's digital attributes and growing institutional backing are reshaping investor preferences. Surveys indicate that younger, more tech-savvy investors increasingly favor Bitcoin, particularly in markets where trust in traditional reserves is waning. As central banks and pension funds continue to diversify their holdings, the competition between these two assets will likely intensify, with Bitcoin's ability to maintain its momentum dependent on regulatory clarity and technological advancements [5][6].