Amazon is not an average stock, nor is Bitcoin an average crypto, as measured by returns. How many people can pick the next Amazon? Probably not very many; inst

Amazon is not an average stock, nor is Bitcoin an average crypto, as measured by returns. How many people can pick the next Amazon? Probably not very many; instead they choose to diversify into a fund that tracks a larger portion of the market due to their uncertainty. The S&P 500 is a far better indicator of stock returns. A total market fund is by definition “stock performance”. Bitcoin has thus far FAR outperformed that. That is not to say that it is going to continue, but that it will continue is a very common fallacy in investment. And by that metric, Bitcoin wins by a mile. The S&P 500 is up 407% since January 2009. In that same time, Bitcoin is up 20,000% or more (I cannot find data before 2013, giving stocks a 4 year head start).