Bitcoin has demonstrated superior performance compared to gold and the S&P 500 following significant global economic events. After the Trump administration's announcement of large-scale tariff measures in April 2025, Bitcoin surged 24% over the subsequent 60 days, while gold and the S&P 500 increased by 8% and 4%, respectively. Similarly, during the early stages of the COVID-19 pandemic in March 2020, Bitcoin rose 21%, again outperforming both gold and the S&P 500.