Whilst the performance of crypto vs equities has been disappointing this year, I wouldn’t be so quick to make conclusions based on just this year. As always some wider context is required.

Since 2012, Btc has outperformed the S&P 500 10 years out of 13.

This is the first year of underperformance since 2022, and btc has never had two consecutive years of underperformance vs stocks.

Let’s see how bitcoin bounces back next year but if there’s one attribute btc has repeatedly shown, is its resilience and ability to repeatedly come back strongly after setbacks.