According to Charlie Bilello, gold is up 55% year-to-date in 2025, making it the best-performing major asset as of Nov 15, 2025. Source: Charlie Bilello (X post, Nov 15, 2025; bilello.blog/newsletter). According to Charlie Bilello, Bitcoin (BTC) is up 1% year-to-date in 2025, ranking as the worst-performing major asset over the same period. Source: Charlie Bilello (X post, Nov 15, 2025; bilello.blog/newsletter). According to Charlie Bilello, the 54 percentage-point performance spread between gold and Bitcoin is the inverse of 2013 and has not occurred in any prior calendar year in his dataset. Source: Charlie Bilello (X post, Nov 15, 2025; bilello.blog/newsletter).