Since Nov 2025, looking at the same window across three common investment exposures:

    • Equities (SPY): small gains, high volatility
    • Bitcoin (IBIT): steady decline
    • Gold (GLD): clear outperformance

    One important clarification: this is not spot prices. The comparison uses investable indices / ETFs (SPY, IBIT, GLD), which better reflect how capital is actually allocated in portfolios.

    The chart was built in Baselight using Yahoo Finance data. The plot and underlying query are public, reproducible, and auditable.

    https://baselight.app/u/pjsousa/query/bitcoin-gold-s-p-500-performance-nov-2025-present

    Posted by Minute-Elk-1310

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