Spot gold prices have surged to unprecedented levels, leading to renewed ridicule of Bitcoin from investors in the precious metal. The price of gold hit a historic peak of $2,304 per ounce on April 3, marking an 11.5% increase year-to-date.

Investment strategist Nanette Abuhoff Jacobson noted that growing global tensions, uncertainty over interest rates, and de-dollarization have contributed to the rise of gold prices alongside other safe-haven assets. Gold's price has been steadily climbing since mid-February, reaching over $2,200 in late March.

Although Bitcoin is often referred to as "digital gold," the surge in gold prices has reignited mockery from goldbugs and Bitcoin critics alike. Notably, gold advocate Peter Schiff pointed out that while Bitcoin's performance has lagged in the second quarter, gold and silver have seen significant gains.

Some have taken aim at Bitcoin's energy-intensive mining process, contrasting it with gold extraction's reliance on fossil fuels. Environmentalist Daniel Batten emphasized the environmental impact of gold mining compared to electrified Bitcoin mining.

As discussions around the performance of gold and Bitcoin continue, it remains clear that contrasting viewpoints exist regarding the investment potential and environmental implications of the two assets.