S&P 500 Plummets 99.98% Against Bitcoin Since 2012, Highlighting Crypto's Long-Term Outperformance

The S&P 500 Index has experienced a significant decline when measured against Bitcoin, reportedly falling 99.98% since 2012. This stark contrast in performance was highlighted in a recent social media post by market commentator The Kobeissi Letter, which also noted a 15% year-to-date drop for the S&P 500 in Bitcoin terms. The data underscores Bitcoin's sustained outperformance as a digital asset compared to traditional equity benchmarks.

"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," stated The Kobeissi Letter in their tweet.

This long-term trend reflects Bitcoin's meteoric rise since its inception, positioning it as one of the best-performing financial assets. While the S&P 500 has seen its own record highs in dollar terms, its value depreciates significantly when denominated in the cryptocurrency. This phenomenon is largely driven by Bitcoin's rapid appreciation and increasing institutional adoption.

The Kobeissi Letter, founded by Adam Kobeissi, is a recognized financial commentary platform known for its analysis of global capital markets, often featured on major financial news outlets. Their observation aligns with broader market sentiment regarding Bitcoin's potential as a store of value and its growing integration into the financial landscape. Institutional demand, particularly through spot Bitcoin Exchange-Traded Funds (ETFs), has been a significant catalyst for Bitcoin's recent rallies.

Despite the S&P 500 reaching record dollar values, its performance relative to Bitcoin illustrates a shifting investment paradigm. The substantial inflows into Bitcoin ETFs, which have collectively amassed billions in assets, indicate a growing appetite among investors for digital assets. This ongoing trend suggests that the comparative performance between traditional equities and cryptocurrencies will remain a key metric for market observers.