Since June 2020, bitcoin went from $9,500 to today’s price of $19,500 over a 100% return. In comparison, the S&P 500 went from 3,000 to 3,700, slightly over 23%. Bitcoin bought prior to the monetary expansion has outperformed other major asset classes, even today after a more than 70% decline from the highs.
Why Bitcoin Has Been Highly Correlated With Fiat
