Bitcoin Surpasses $123,000, Gold Loses 2025’s Top Asset
Bitcoin has gained nearly 30% since the start of 2025, outpacing gold’s 27% gain
Bitcoin and gold are the best-performing assets of the year, according to Charlie Bello, Chief Market Strategist at Creative Planning
This is the first time these two assets have held the number one and number two positions for any given year
There are several reasons behind this rise, including rising US interest rates, a weak dollar, delayed trade payments and a widening US budget deficit
Bitcoin recently hit a new high of $123,000 and closed at its record high for the second week in a row
Gold also performed well, but Bitcoin outperformed it
A downside to this situation is that both assets are often indicators of investor anxiety or financial distress, which can affect investment in the real economy.
Bitcoin has risen by nearly $15,000 since the “Big Beautiful Bill” passed on July 7.
