As planetary markets deed the skids this week and forced liquidations and borderline calls hitch retired much levered longs, prominent traders are repositioning accordingly. New tariffs announced by the Trump medication and a sharply weaker U.S. jobs study caused anxiousness successful planetary markets; the S&P 500 mislaid 1.6% successful a day, and Bitcoin, existent to form, followed hazard sentiment lower.
In times of uncertainty, it pays to usage a wider lens: implicit the past 2 years, Bitcoin has consistently outperformed each large assets, and thing other comes close.
Bitcoin vs large assets: the 2-year scorecard
Between July 2023 and July 2025, Bitcoin rallied by an eyewatering 301.7% much than quadrupling successful terms and cementing itself arsenic the top-performing large plus class. As ecoinometrics points out:
“Bitcoin is dipping again but the semipermanent representation hasn’t changed… This isn’t a one-off. For 2 years now, Bitcoin has been a accordant leader.”
Bitcoin’s show vastly dwarfs accepted banal investments. The starring U.S. banal benchmark, the S&P 500, delivered a acold much humble 38% instrumentality implicit the past 2 years. Despite a beardown equities marketplace and aggregate grounds highs for large-cap stocks, the scale couldn’t lucifer BTC’s explosive momentum.

Gold, which had a stellar tally successful its ain right, stoked by rising ostentation and geopolitical uncertainty, roseate 69.8% implicit the past 2 years, and couldn’t travel adjacent to returning Bitcoin’s gains, proving each laser-eyed Bitcoin maxis right: determination is nary 2nd best. As Adam Back commented:
“there is nary 2nd best. lone runner up is treasury companies.”
Even looking astatine the crypto industry’s number-two coin, Ethereum, lone serves to further exemplify Back’s point: ETH posted a astir 56% summation implicit the past 24 months.
Bringing up the rear among the large assets is crude lipid which saw lone marginal maturation implicit the past 2 years, with returns oscillating and ending level by summertime 2025..
Why Bitcoin keeps leading
The caller selloff has much to bash with macroeconomic jitters, tariffs, and employment worries than immoderate alteration successful Bitcoin’s cardinal worth proposition. Bitcoin’s volatility inactive tracks intimately with broader marketplace nerves during specified risk-off stretches. But for 2 years straight, Bitcoin has shaken disconnected the corrections similar a champ and acceptable the gait for plus growth.
Its predictable proviso schedule, decentralized nature, and expanding adoption by some retail and organization investors person kept the rally alive.
Meanwhile, Ethereum remains competitory but has not been capable to outpace BTC, and gold’s reliable ostentation hedge presumption has inactive meant acold smaller returns. Crude lipid continues to conflict nether the value of shifting vigor trends and macroeconomic pressures, providing small of the show oregon excitement seen successful integer and fiscal assets.
Bitcoin’s short-term slumps whitethorn look dramatic, but pullbacks are portion of its DNA and the information doesn’t lie: since mid-2023, BTC has trounced gold, U.S. stocks, Ethereum, and crude oil. If successful doubt, zoom out, arsenic ecoinometrics states:
“maybe it’s not worthy panicking implicit a determination that looks much sentiment-driven than based connected fundamentals.”
The station There is nary 2nd best: Bitcoin consistently outperforms each large assets contempt near-term selloff appeared archetypal connected CryptoSlate.