Having risen above $120,000, Bitcoin (BTC) has surpassed gold (GLD) as the best-performing asset of 2025.
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Bitcoin is now up 30% on the year, surpassing gold that has gained 28% since the beginning of 2025. Silver’s price is up 35% so far this year, although it is viewed as a secondary asset. Among leading assets, Bitcoin is pulling ahead of the pack, with its price briefly surpassing $123,000 on July 14 and hitting an all-time high.
BTC is currently trading at $119,743.33 per digital token after pulling back from its recent highs. Until now, gold had been outperforming Bitcoin as investors and central banks ramped up their buying of the precious metal amid a flight to safety sparked by rising geopolitical uncertainty.
Warning Signs
While many people are applauding the rise in Bitcoin and gold, some analysts say there is a downside to having two largely unproductive assets as the year’s top performers. When Bitcoin and gold lead markets, it typically signals investor anxiety or a crisis of confidence in the global economy.
At the same time, the U.S. dollar has declined 11% over the last six months, a sign that’s being taken by economists as a growing lack of confidence in America as a stable place to invest. Bitcoin and gold prices also continue to rise as the U.S. recorded a historic $316 billion budget deficit for May of this year.
Many Wall Street analysts say investors are increasingly gravitating toward safe haven assets such as Bitcoin and gold, driving both prices higher. By comparison, the benchmark S&P 500 stock index is up 7% this year.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on cryptocurrencies such as Bitcoin, so we’ll look instead at its three-month performance. As one can see in the chart below, the price of BTC has risen 40.71% in the last 12 weeks.
