The S&P 500 has lost 88% compared to Bitcoin.
- The S&P 500 index is hitting all-time highs, but in Bitcoin terms it has fallen 88% since 2020, Phil Rosen said.
- Entrepreneur Anthony Pompliano considers the first cryptocurrency to be a “benchmark for profitability.”
While the S&P 500 continues to reach new all-time highs, when measured in Bitcoin, the index has fallen more than 88% since 2020, according to Phil Rosen, co-founder of Opening Bell Daily.
The S&P 500 keeps breaking records but it's completely collapsed in bitcoin terms since 2020, down 88%. pic.twitter.com/ncP9cOutiz
— Phil Rosen (@philrosenn) October 5, 2025
His opinion was echoed by crypto investor Anthony Pompliano, who wrote in his post:
“Everyone is bragging that the S&P 500 is up over 100% since 2020, but the index is actually down 88% when measured against a hard asset like Bitcoin.”
Pompliano noted that Bitcoin serves as a “benchmark for returns,” adding that if someone can't beat it, they'll have to buy it.
S&P 500 chart. Data: TradingView.
However, there are those who criticize Rosen's opinion. An entrepreneur who goes by the pseudonym WellspringGP claimed the comparison is flawed, as the S&P 500 has added over $25 trillion in market capitalization—almost 20 times more than Bitcoin—and questioned which of the two assets is truly productive.
In response, Pompliano noted that stocks cannot be considered sufficiently productive if they underperform stores of value like Bitcoin or gold.
However, according to WellspringGP, the S&P 500 represents companies that create real value, unlike Bitcoin, which “only consumes.”
As a reminder, on October 5, 2025, the first cryptocurrency surpassed the $125,000 mark, setting a new historical record.
Source: cryptonews.net
