According to Eric Balchunas, since April 8, Bitcoin has delivered a strong +26% return, outperforming other major asset classes such as gold (+9%), US large-cap stocks (+14%), US small-cap stocks (+14%), Magnificent 7 tech stocks (+17%), international stocks (+16%), and US bonds (0%). The notable outperformance of Bitcoin, especially compared to traditional assets, highlights increased risk appetite and momentum in the cryptocurrency sector. Traders may interpret these returns as a signal of shifting capital flows and potential trend continuation, but the source notes the uncertainty around whether this is a bear market rally or a sustainable shift (Source: Eric Balchunas on Twitter, May 2, 2025).