Bitcoin ($BTC), the flagship cryptocurrency, has recently witnessed a broad upsurge in gains. As per Richard Teng, the CEO of the top crypto exchange Binance, Bitcoin’s year-to-date gains have outcompeted the traditional financial markets that include gold, Nasdaq, and S&P 500. The executive took to social media to reflect on Bitcoin’s top position in the market.
Bitcoin Stays Atop Traditional Markets with Huge Year-to-Date Profits
Richard Teng has highlighted the massive growth of Bitcoin ($BTC) during 2025. The key crypto asset is making waves in the crypto sector with notable gains. Specifically, it has maintained its position above the traditional markets that take into account the S&P 500, gold, and Nasdaq. He pointed toward the Bitcoin’s price surge to $105,236, showing 52% profit since May last year.
This remarkable development has reportedly resulted from a combination of several macroeconomic trends. In addition to this, the heightened institutional adoption and other geopolitical events have also led to this noteworthy spike. At present, gold presents an 18% increase since May last year. This figure is far below Bitcoin’s 52% gains. Additionally, since April this year, gold has experienced only 3% spike.
S&P 500 and Nasdaq Remain Unsuccessful in Surpassing Levels Seen Year Ago
Subsequently, the S&P 500, despite enjoying a key status as a barometer of the overall U.S. economy, has stayed flat since April. In this respect, it is still below the levels it witnessed back in May 2024. Apart from that, Nasdaq also presents a low performance when compared with Bitcoin ($BTC). It reported just 2% gains since April.
Moreover, Nasdaq’s current position is up to 3% below the level recorded a year ago. Hence, according to Richard Teng, the growing bullishness around Bitcoin ($BTC) is attention-grasping and signifies the likelihood for further upward trajectory.
