S&P 500 Beats Bitcoin Returns?

I’ve noticed that the expected returns have been diminishing over time. It feels like Bitcoin has basically turned into a tech stock moving just like one but with significantly more risk.

If you bought BTC at $55K in 2021 (about 20% below its ATH) and invested in the S&P 500 at the same time, your S&P 500 portfolio would now be ahead by 10% (50% vs. 40% returns). So, is it really worth holding through BTC’s extreme 80% drawdowns and rallies, only to end up underperforming a more stable investment?

No hate, just curious what you think.