With Trump’s pressure campaign around Greenland escalating foreign policy tensions, it’s worth revisiting how different assets behave under geopolitical stress. In 2025, Gold was the top-performing major asset up +62.6%, driven by central bank accumulation, geopolitical risk, and tariff uncertainty. Bitcoin had a very different year: - Hit a new ATH in October, up +33.4% YTD at its peak - Closed the year at -6.4% - Ranked as the 3rd worst major asset — only ahead of crude oil (-21.5%), which struggled under a global supply surplus and record non-OPEC production, and the US dollar index (-10.0%), hit by rate cuts and political shifts Meanwhile, US equities were fueled by the ongoing AI narrative, with the NASDAQ and the S&P500 up +20.5% and +16.6%, respectively. Our research team breaks all of this down in our 2025 Annual Crypto Industry Report – highly worth a read: X: http://gcko.io/rzybyvk(Bobby Ong)