Oh, what a spectacle it is, my dear readers, to witness the grandeur of Bitcoin, a digital marvel that has, in the span of a mere decade, turned the financial world on its head. The S&P 500 Index, that venerable barometer of American economic might, closed at a lofty 6,280 on the 10th of July, 2025, boasting a modest 6% gain in dollar terms for the year. Yet, when viewed through the lens of Bitcoin, the same index appears to have lost about 15% of its value this year. Ah, the irony! π€£
Fluctuations In Bitcoin Terms
Market analyst The Kobeissi Letter, in a stroke of genius, has decided to measure the S&P 500 against the almighty Bitcoin, revealing a tale of dramatic proportions. Since 2012, the index has plummeted by nearly 100% when compared to Bitcoin, according to data from Bitbo. Imagine, if you will, the investors who, with steadfast resolve, chose Bitcoin over the traditional stock market. They now bask in the glow of their massive gains, a testament to the power of digital currency. π
Truly incredible:
The S&P 500 in Bitcoin terms is now DOWN -15% year-to-date.
Since 2012, the S&P 500 in Bitcoin terms is down -99.98%.
We are all witnessing history.
β The Kobeissi Letter (@KobeissiLetter) July 11, 2025
Top Crypto Hits New Highs
And what of Bitcoin itself? According to the wise sages at CoinMarketCap, BTC soared past the $118,800 mark on Friday, climbing 6% in the previous 24 hours and gaining 10% over the past week. Overall, BTC has risen 26% in 2025, a performance that has caught the eye of traders who once dismissed crypto as a mere curiosity. π€
In 2025, the floodgates of investment have opened wide, with a deluge of funds pouring into crypto through exchange-traded funds in the United States. As of this week, the 12 US spot Bitcoin ETFs collectively hold 1.26 million BTC, or about $148 billion at current prices. That’s a staggering 6% of all Bitcoin in circulation, according to Bitbo data. Inflows into digital asset ETFs have made them the third-largest fund category in the first half of the year, trailing only short-term government debt and gold, as per State Street data. π
On Thursday, Bitcoin ETFs recorded their second-largest single-day inflow ever, attracting over $1 billion. Traders, it seems, view these ETFs as a more accessible route to BTC gains, avoiding the complexities of wallets and exchanges. At the time of writing, Coingecko data shows BTC trading at $118,038, holding onto most of its recent gains. π
Last 10 Yearsβ¦
Bitcoin $BTC: +40,450%
NVIDIA $NVDA: +34,815%
Tesla $TSLA: +1,702%
Netflix $NFLX: +1,206%
Microsoft $MSFT: +1,199%
Amazon $AMZN: +926%
Meta $META: +751%
Apple $AAPL: +691%
Google $GOOGL: +556%
S&P 500 $SPY: +262%
Gold $GLD: +175%
US Inflation (CPI): +35%β Charlie Bilello (@charliebilello) July 11, 2025
But wait, there’s more! Bitcoin’s ascent isn’t just a story of outperforming broad stock indexes. Analyst Charlie Bilello has noted that BTC has climbed far higher than tech giants like Nvidia, Tesla, and Netflix over the past decade. This broader outperformance has only added to the argument that digital currency deserves a place in major portfolios. π
With US equities near record highs in dollars but lagging in Bitcoin terms, some investors are pondering how to balance their bets. The rush into spot ETFs suggests a growing belief that crypto should stand alongside stocks and bonds in the financial pantheon. π€
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2025-07-12 22:44