Bitcoin reached multiple new highs in 2025, but when stretched over 10 years, an awkward fact emerges: this year's BTC has underperformed against gold, US stocks, and even many traditional assets.
The price is reaching new highs, but the sentiment is getting worse; this may be one of the most genuine emotions in the crypto world this year.
When BTC is no longer the default “annual optimal solution”, cryptocurrency is transitioning from a high-growth asset to a risk asset that is repeatedly compared and strictly priced.
Perhaps this is the real issue that the crypto industry needs to face in 2025:
Are we enduring the pains of transition, or are we bidding farewell to the era of “just participate and you will be rewarded”?
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PANews encryption year-end summary: Understand at a glance the returns of various assets from 2015 to 2025!
Bitcoin reached multiple new highs in 2025, but when stretched over 10 years, an awkward fact emerges: this year's BTC has underperformed against gold, US stocks, and even many traditional assets.
The price is reaching new highs, but the sentiment is getting worse; this may be one of the most genuine emotions in the crypto world this year.
When BTC is no longer the default “annual optimal solution”, cryptocurrency is transitioning from a high-growth asset to a risk asset that is repeatedly compared and strictly priced.
Perhaps this is the real issue that the crypto industry needs to face in 2025:
Are we enduring the pains of transition, or are we bidding farewell to the era of “just participate and you will be rewarded”?