Looking further back to 2022, Bitcoin’s cumulative return stood at 121.3%. This placed it well ahead of gold, equities, fixed-income instruments, and broad indices like the S&P 500.
However, the bank also pointed to the top crypto’s short-term volatility, highlighting that Bitcoin dropped 18.6% between January and April 2025.
Only dollar-denominated savings and the S&P 500 performed worse during this period than the bellwether digital asset.
Still, Bitcoin marked April with a strong recovery, rising by 11.2% during the month to reclaim its lead in the investment market.
This return came as the broader market indices registered significant losses, while gold and corporate bonds posted minor gains.
The central bank’s findings focus in on Bitcoin’s rapid evolution from a speculative asset to a potential cornerstone in global financial portfolios.
For many, BTC, despite its inherent volatility, presents a hedge against macroeconomic uncertainty and a vehicle for expanding financial access.
