Grayscale says Bitcoin returned 225% over three years, compared with 109% for the Nasdaq. Excluding Bitcoin's five best trading days cuts its return to 95%, below the Nasdaq's result.
The comparison shows how a handful of high-return days can materially affect Bitcoin's performance over a fixed period. It also depends on the selected three-year window and does not establish how either asset will perform next.
Frequently asked questions
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What three-year returns does Grayscale report for Bitcoin and the Nasdaq?
Grayscale says Bitcoin returned 225% over three years, compared with 109% for the Nasdaq.
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What happens to Bitcoin's return when its five best trading days are excluded?
Bitcoin's reported three-year return falls to 95% when its five best trading days are excluded.
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How does Bitcoin perform against the Nasdaq after excluding those days?
At 95%, Bitcoin's return is below the Nasdaq's reported 109% return over the same three-year comparison.
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What does the five-day comparison reveal about Bitcoin's historical performance?
It shows that a small number of standout trading days can materially affect Bitcoin's return over a fixed period.
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Do these three-year figures predict future Bitcoin or Nasdaq returns?
No. The figures describe historical performance and do not establish how either asset will perform next.
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