Public bitcoin companies underperform gold, S&P in 2025

Although companies with a bitcoin treasury have outperformed in prior years, they have underperformed in 2025 against basic benchmarks.
Although companies with a bitcoin treasury have outperformed in prior years, they have underperformed in 2025 against basic benchmarks.
The altcoin market cap peaked at $1.9T on December 8, and has never regained that level despite the election of “crypto-friendly” Trump.
Would a bitcoin market sell order of a few million dollars flash crash its price? Technically yes, but not really.
Stocks and crypto are currently on an upward curve ahead of the CPI and Initial Jobless Claims figures, due to be released on January 12.
The crypto market has endured a torrid time, shedding billions since last year’s all-time highs. But how does it compare to other industries?