Deryl Wong
The S&P 500 is up 60% over the last two years, but Bitcoin’s price jump during the same span has crushed that mark.
As the S&P 500 rose to a record high Friday, a bull market in U.S. equities was set to mark its two-year anniversary. Though enthusiasm has been muddled in the crypto market for months, the window also shines a light on just how much Bitcoin has gained during that span.
As highlighted in Opening Bell Daily, a financial newsletter, the S&P 500 has climbed more than 60% to around 5,800 points since a bear market in equities petered out two years ago. Over the same period of time, however, Bitcoin’s price has risen around 220%, up from approximately $20,000 to a current price above $63,000.
The tech-heavy Nasdaq composite has climbed 78% in the same span, rising from around 10,300 points to 18,350 points, while the Dow Jones Industrial average has meanwhile climbed 43%, rising from 29,300 points to around 42,800 points. Wall Street’s bull run over the last two years simply can’t compete with Bitcoin.
