Review of Gold and Bitcoin Price Trends (2020-2025)
I. Evolution of Gold Prices
2020-2022 (Pandemic-Driven Surge)
In 2020, the international gold price broke through $2000/ounce (¥386/gram), setting a historical high.
In 2022, the Russia-Ukraine conflict pushed the gold price to a second peak of ¥398/gram.
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2023-2025 (Continuously Breaking Records)
In 2023, the average price of Au9999 at the Shanghai Gold Exchange was ¥452/gram, with global central bank gold purchases reaching a new high.
In April 2024, after a technical correction of 14.6% (from ¥556 to ¥475/gram), the upward trend resumed.
In August 2025, the international gold price reached $3374.77/ounce (¥779.96/gram), with the Shanghai gold price at ¥764.43/gram.
II. Evolution of Bitcoin Prices
2020-2021 (Institutional Entry Bull Market)
At the end of 2020, it broke through $29000, with an annual increase of over 300%.
In April 2021, it set a record of $69000, then corrected to $46000 by the end of the year.
2022-2024 (Fluctuating Upward)
In 2022, it fluctuated between $30000 and $50000.
In September 2024, after dropping to $55000, it rebounded to $100000 by the end of the year.
2025 (Historic Breakthrough)
On July 11, it first broke $117000, achieving a tenfold increase over five years.
In early August, the price remained above $96000, with significantly reduced volatility.
III. Key Comparative Features
Indicator Gold Bitcoin
Volatility Annualized around 15% (2020-2025) Monthly fluctuations often exceed 40%
Driving Factors Geopolitical conflicts + Central bank gold purchases Halving cycle + Institutional allocation
Current Valuation ¥779.96/gram (2025.8) $96000-$117000
(Note: Gold data is primarily in RMB/gram, Bitcoin data is priced in USD)