Bitcoin is the apex asset. There isn't a close second place.
I charted the 2-year moving average of Bitcoin, gold, and SPY from Jan. 1, 2020 to May 22, 2026.
The results are disgusting.
Bitcoin 2Y MA: +1,073%
Gold 2Y MA: +157%
SPY 2Y MA: +118%
Bitcoin’s smoothed long-term trend vaporized them.
BTC’s cumulative 2Y moving-average return was roughly 6.8x gold’s return and 9.1x SPY’s return.
Gold did its job. It protected purchasing power better than most fiat garbage.
SPY did what corporate America does, climbed the liquidity escalator while everyone pretended earnings growth wasn’t being embalmed by monetary debasement.
But Bitcoin was the actual escape vehicle.
Bitcoin volatility is loud. Fiat decay is quiet.
The 2-year moving average strips away the noise and shows you the signal:
Bitcoin is repricing the world slowly, then violently, then permanently.