Bitcoin vs gold vs Nifty vs FD (INR returns)
By BtcMedia Research · Updated
The same rupees, the same dates, four choices. Month-end prices from Dec 2013 to Sep 2026. Example: ₹1 lakh at the end of January 2018 became ₹12,41,325 in Bitcoin, ₹4,48,854 in gold, ₹2,27,665 in the Nifty 50 and ₹1,74,858 in a 6.5% FD (before tax).
Your money
Result
| Asset | Value | Per year |
|---|
"Per year" is CAGR for a lump sum and XIRR for a SIP. Before tax.
■ Bitcoin · ■ Gold · ■ Nifty 50 · ■ FD. Log scale.
₹1 lakh lump sum, by start year
| Invested (end of Jan) | Bitcoin | Gold | Nifty 50 | FD 6.5% |
|---|---|---|---|---|
| 2014 | ₹1,59,15,337 49.2%/yr | ₹4,39,667 12.4%/yr | ₹4,18,800 12.0%/yr | ₹2,26,305 |
| 2016 | ₹3,20,23,522 71.7%/yr | ₹5,01,743 16.3%/yr | ₹3,39,110 12.1%/yr | ₹1,98,926 |
| 2018 | ₹12,41,325 33.7%/yr | ₹4,48,854 18.9%/yr | ₹2,27,665 10.0%/yr | ₹1,74,858 |
| 2020 | ₹12,02,441 45.2%/yr | ₹3,38,974 20.1%/yr | ₹2,03,271 11.2%/yr | ₹1,53,703 |
| 2022 | ₹2,78,383 24.5%/yr | ₹2,94,764 26.1%/yr | ₹1,37,771 7.1%/yr | ₹1,35,107 |
| 2024 | ₹2,26,565 35.9%/yr | ₹2,27,910 36.2%/yr | ₹1,07,592 2.8%/yr | ₹1,18,761 |
Valued at the end of Sep 2026. Before tax, fees and spreads.
FAQ
Has Bitcoin beaten gold, Nifty and FDs in India?
Over most multi-year windows since 2014, yes, by a wide margin, but with far bigger falls along the way. For example ₹1 lakh put in at the end of January 2018 was worth about ₹12,41,325 in Bitcoin, ₹4,48,854 in gold, ₹2,27,665 in the Nifty 50 and ₹1,74,858 in a 6.5% FD by Sep 2026, before tax. Bitcoin also lost more than 70% from peak more than once.
Which data does this use?
Bitcoin: Bitstamp BTC/USD daily close × ECB USD/INR rate. Gold: GOLDBEES (Nippon India ETF Gold BeES) and Nifty 50: NIFTYBEES (Nippon India ETF Nifty 50 BeES), NSE adjusted closing prices via Yahoo Finance, so ETF costs are already deducted and Nifty dividends are included. FD: the rate you enter, compounded quarterly.
Is the comparison after tax?
No. All values are before tax. In India crypto gains are taxed at a flat 30% plus cess with no loss set-off, while equity, gold and FD interest are taxed differently, so after-tax gaps will be smaller.
Why month-end prices?
All four assets are compared on the same dates: the last trading day (or last complete day for Bitcoin) of each month. The current month is added once it ends.
Data: Bitstamp × ECB rates via Frankfurter (Bitcoin); NSE adjusted closing prices of GOLDBEES and NIFTYBEES via Yahoo Finance. Download: compare-inr-monthly.json. Updated 2026-10-22. Download the data: dataset page · all BtcMedia datasets.
Not financial advice. Past returns do not predict future returns. Bitcoin has fallen more than 70% from its peak several times; an FD has not.
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- Calculator launched: month-end INR values for Bitcoin (Bitstamp × ECB), GOLDBEES and NIFTYBEES (NSE adjusted close via Yahoo Finance) since Dec 2013, FD at a user-set rate.