According to @charliebilello, gold returned +64% in 2025, ranking as the best-performing major asset, while Bitcoin fell 6%, the worst among major assets, source: X post on Jan 1, 2026 https://twitter.com/charliebilello/status/2006738768628433299. He adds that this is the inverse of 2013 and the figures imply a 70 percentage-point GLD over BTC outperformance for 2025, source: X post above and his newsletter https://bilello.blog/newsletter.