Bank of America has officially listed Bitcoin as the best-performing currency of 2025 to date, in a huge milestone of recognition for the global largest cryptocurrency. The bank ranked Bitcoin atop its FX list, above all major fiat currencies, in its latest “Cross-Asset Winners & Losers” report released July 9.
As per the report, Bitcoin registered an 18.2% year-to-date (YTD) increase up to July 9, beating the Swedish krona (+16.4%), the Swiss franc (+14.2%), and the euro (+13.2%). The U.S. dollar, on the other hand, had a YTD decrease of 10.1%, which ranked last among 14 tracked currencies.
What makes this all the more important is that Bank of America included Bitcoin in the currency category not merely as a speculative vehicle. This change in classification marks increasing institutional recognition of Bitcoin as a viable alternative to fiat, and potentially even a long-term store of value.
The approval is at a time when Bitcoin is riding a strong rally. On July 11, BTC hit a new all-time high of $117,979 with high trading volume and an increasing Relative Strength Index (RSI) of 73.56, which shows high market momentum. Bitcoin has been steadily rising since early June, breaking new highs on three successive days.
Through today, Bitcoin’s year-to-date is even higher at nearly 26% more firmly establishing itself as the top-performing currency and many traditional assets.
Analysts point out that the recent Bank of America reclassification comes on the heels of a wider shift in sentiment. What was a speculative bubble just a few short years ago is now being mainstreamed by large institutions as part of the global finance staple.
This new move by Bank of America is the latest addition to the increasing narrative of Bitcoin’s transformation from a digital experiment to a known financial giant.