Gold Tops 2025 Returns as Bitcoin Ranks Weakest Asset

Gold emerged as the best major asset in 2025 while Bitcoin posted its weakest annual performance, marking a rare inversion in cross-asset returns and intensifying scrutiny around whether the digital asset has entered a formal bear phase.

According to market data cited by Charlie Bilello, gold finished 2025 with a gain of 64%, ranking as the top-performing major asset for the year. In contrast, Bitcoin closed the year down 6%, making it the weakest performer among major asset classes. Bilello noted that this marked the first calendar year on record in which gold outperformed Bitcoin, with Bitcoin ranking last, mirroring the inverse of conditions seen in 2013.