ChainThink reports: Bitcoin has risen 25% year-to-date in 2025, ranking second among major asset classes, just behind gold's gain of 29.3%. Data shared by financial strategist Charlie Bilello shows that the performance of other major asset classes in 2025 has been relatively modest: emerging market stocks (VWO) rose 15.6%, Nasdaq 100 index (QQQ) rose 12.7%, S&P 500 (SPY) rose 9.4%, while mid-cap stocks (MDY) and small-cap stocks (IWM) only increased by 0.8% and 0.2% respectively. This is the first time in recorded history that gold and Bitcoin have both occupied the top two positions in the annual asset class rankings. In the long term, Bitcoin's cumulative return since 2011 has reached an astonishing 38,897,420%, far exceeding all other asset classes. During the same period, gold's cumulative return was 126%, placing it in the middle, lagging behind the Nasdaq 100 index (1101%), S&P 500 (559%), mid-cap stocks (316%) and small-cap stocks (244%). According to Bilello's data, Bitcoin's total return has exceeded gold by more than 308,000 times over the past 14 years. In terms of annualized returns, Bitcoin has averaged an annualized return of 141.7% since 2011, compared to 5.7% for gold, 18.6% for the Nasdaq 100 index, and 13.8% for the S&P 500.