OKX Research Institute|The performance of mainstream assets has bottomed out in 10 years, and the truth of data such as Bitcoin, gold, US stocks, and US bonds has been high

During the period 2015-2025, global financial markets went through an epic cycle. From quantitative easing in the post-financial crisis era to a historic zero-interest rate environment to sharp tightening cycles triggered by high inflation, macroeconomic waves continue to hit a wide range of assets. In this context, crypto assets represented by BTC and ETH far outperformed the gains of gold and U.S. Treasuries, completing an astonishing leap from geek test products to entering the balance sheets of Wall Street institutions. However, behind the excess returns are also accompanied by extreme risks - crypto assets once experienced a deep drawdown of more than 75%, and the recovery period was often measured in years, while traditional assets showed stronger resilience.

In this regard, OKX Research Institute focuses on the "performance of the five major mainstream assets in 10 years" and tries to answer a key question: What is the true portrait of the...