The 10-Year Comparison
Since 2014, Bitcoin has dramatically outperformed both the S&P 500 and Gold. The S&P 500 roughly tripled, Gold nearly quadrupled, but Bitcoin turned $100 into over $18,200. The gap is not subtle.
Risk-Adjusted Returns
Bitcoin is more volatile than the S&P 500 or Gold. It has experienced multiple 50-80% drawdowns. But for investors who held through the volatility, the risk-adjusted returns have been exceptional. The key is time horizon: Bitcoin's worst 4-year return is still positive.
Why the Comparison Matters
Most people keep their savings in stocks and bonds. A small allocation to Bitcoin (even 1-5%) has historically improved portfolio returns without proportionally increasing risk. The question is no longer whether to own Bitcoin, but how much.