Bitcoin has exceeded $123,000, becoming the top-performing asset of 2025 with +30%, surpassing gold (+27%), amid a tense global economic context.
A flight to safe havens in the midst of an economic and geopolitical crisis
It’s official. Bitcoin has crossed a new historic peak of over $123,000, widening the gap with gold and becoming the top-performing asset of the year 2025.
In just a few months, the king of cryptos has gained 30% since January 1st, beating gold and its 27% increase. Two ‘non-productive’ assets leading the rankings: a strong signal that reflects more of a flight than economic enthusiasm.
Bitcoin and gold: an unusual top duo
This is a first. Several specialists affirm: never in recent history have Bitcoin and gold simultaneously occupied the top two positions in annual returns.
This unprecedented ranking is not trivial. Generally, these assets soar when the economy falters. And indeed, 2025 is sending all the wrong signals: US rate hikes, dollar decline, record deficits, suspended tariffs, and latent military conflicts… yet, the S&P 500 and Nasdaq are also reaching record levels, so who to believe?
The real economy halted, capital fleeing to safety
In a healthy economy, capital is supposed to flow towards production, innovation, real investment. Not towards digital vaults or gold bars.
But today, it’s the opposite: capital is fleeing the real economy. And it’s no coincidence. Capital costs are distorted, geopolitical uncertainties are rising, and investors are just trying to survive.
The turning point: a law passed, $15,000 more for BTC
Since the adoption of the new American budget law on July 3 by Trump, dubbed the “Big Beautiful Bill”, Bitcoin has surged by $15,000. The government’s limitless spending is pushing the United States into “crisis mode“: high rates, massive deficit, confidence on the floor.
Simultaneously, the dollar index (DXY) has plummeted by 11% in six months, after trade tensions with China and US military strikes against Iran.
A tense finance, an alert Bitcoin
This spectacular rally of Bitcoin is more a warning than a celebration. The surge of BTC and gold reflects systemic panic rather than market optimism. But ultimately, this is what investors expected from BTC, a true safe haven asset.
The crypto resumes its role as a chaos barometer: when everything is burning, Bitcoin shines.
