Bitcoin Trails Gold and S&P 500 as Risk Appetite Stays Compressed

Bitcoin has underperformed both gold and the S&P 500 over the past year, even as traditional assets hover near record highs. Data comparing returns since early 2025 shows a clear divergence. Gold has surged more than 80% over the period, repeatedly printing new highs source: https://www.ethnews.com/bitcoin-trails-gold-and-sp-500-as-risk-appetite-stays-compressed/