Despite the hype surrounding a potential crypto boom in the "Trump era," Bitcoin has underperformed nearly all major asset classes. Reflecting on its performance so far in 2025, this year can be called a "year of disappointment." Since the U.S. presidential inauguration in January, Bitcoin has delivered a return of only about 5.8%. In contrast, the Nasdaq and S&P 500 indexes have achieved double-digit gains, and even gold, a classic safe-haven asset, has significantly outperformed Bitcoin. In...
