📈 Bitcoin returned 225% over three years, but almost all of its gains came from just 15 days
According to Grayscale, Bitcoin has risen by about 225% over the past three years. The Nasdaq-100 Index rose by 109% during that time. But all those returns hinge on just a handful of days.
What happens if you remove Bitcoin’s best days:
• Without the 5 best days: +95%
• Without the 10 best days: +27%
• Without the 15 best days: -11%
Fewer than 0.5% of days accounted for more than half of Bitcoin’s total returns. For comparison, if you remove the Nasdaq’s 15 best days, it still remains in positive territory (+21%).
The chart shows that Bitcoin’s dark line starts above the Nasdaq, but drops much more steeply and falls below zero after about 13 days are removed. The Nasdaq’s light line declines more gradually.
💵Trading chat with trading ideas and education
According to Grayscale, Bitcoin has risen by about 225% over the past three years. The Nasdaq-100 Index rose by 109% during that time. But all those returns hinge on just a handful of days.
What happens if you remove Bitcoin’s best days:
• Without the 5 best days: +95%
• Without the 10 best days: +27%
• Without the 15 best days: -11%
Fewer than 0.5% of days accounted for more than half of Bitcoin’s total returns. For comparison, if you remove the Nasdaq’s 15 best days, it still remains in positive territory (+21%).
The chart shows that Bitcoin’s dark line starts above the Nasdaq, but drops much more steeply and falls below zero after about 13 days are removed. The Nasdaq’s light line declines more gradually.
💵Trading chat with trading ideas and education
