#数字资产市场洞察 In a ten-year dimension, why is Bitcoin no longer the annual optimal solution

A set of ten-year benchmark data is presented, which will shatter many people's intuition. Although BTC reached an all-time high in 2025, when looking at the period from 2015 to 2025, its return performance has actually been surpassed by traditional assets like gold and US stocks, and even many alternative investment varieties have shown better annualized performance.

There is an interesting psychological contrast here: the price has hit a new high, but the holders' perception hasn't improved. The logic behind this is quite straightforward — the role of crypto assets is quietly changing.

Once upon a time, it was regarded as a representative of high growth sectors, carrying an aura that made entering the market equivalent to jumping on the fast track of growth. But now the market is voting with its feet, incorporating it into a strict pricing system, participating in global macro allocation evaluations alongside gold, bonds, and large-cap stocks. It has lost that automatic premium, becoming one of the risk assets that require rational decision-making from investors rather than a guaranteed annual winner.

This raises a deeper question: Is BTC currently in the adjustment pains of a transitional period, or is the era of wild growth, where one just needs to get on board to win easily, really coming to an end?

The answer to this question may determine the asset allocation strategies of many people in 2025.