Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
In a truly shocking bull run, Bitcoin has now outperformed US Treasuries in 2025. BTC is now up just 8% this year.
Because it’s a big deal
US Treasuries are typically known to be the ultimate risk-free benchmark for investors.
So the fact that the highly speculative asset is outperforming US Treasuries during what should have been a banner year for crypto shows just how weak the cryptocurrency is.
It is worth noting that Bitcoin (the yellow line) has spent most of the year well above Treasuries. However, it fell below them on Tuesday after the latest price crash that wiped out a significant portion of its 2025 gains.
As reported by U.Today, the top coin recently fell below the $100,000 level.
“Max Despair”
According to Matt Hougan, Bitwise’s chief investment officer, he noted that retail investors are at the point of “maximum desperation”.
However, Hougan is convinced that another cryptocurrency winter is not coming.
Key level to watch
On Tuesday, Bitcoin exchange-traded funds (ETFs) recorded an amount of $578 in flows.
In particular, the average cost base of all Bitcoins ever bought through spot ETFS is currently $89,600.
