Overview

• Gold is up roughly 50% year to date versus about 30% for Bitcoin, marking a 2025 lead for bullion, according to Yahoo Finance.
• Over the past decade Bitcoin has been the top-performing asset class in 9 of the past 12 years, though it has suffered deep drawdowns including losses of about 73% in 2018 and 65% in 2022 when gold held steadier.
• Since spot Bitcoin ETFs launched in January 2024, iShares Bitcoin Trust has risen about 180% compared with roughly 97% for iShares Gold Trust, per reported fund data.
• Benzinga reports that Anthony Pompliano says gold has lost about 84% against Bitcoin since 2020, noting gold’s record highs above $4,070 per ounce and Bitcoin’s price above $115,000.
• Michael Saylor recently called Bitcoin “the new hurdle rate,” and some market commentators argue the performance gap is pushing institutions to reassess hedging approaches.