While the Standard and Poor’s 500 is at record highs, data shows the stock index has “collapsed” when compared to Bitcoin. Is it a fair comparison?
While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%.
In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has surged 106% in USD value since 2020, it has “collapsed” significantly in BTC denomination, prompting cheers from Bitcoin pundits.
The Standard and Poor’s 500, or S&P 500, is a stock market index tracking the performance of 500 leading companies listed on stock exchanges in the United States.
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