Bitcoin is bent muscles. The S&P 500 Index closed at 6,280 on July 10, 2025, marking an annual profit of 6% on the dollar terms. The benchmark set a fresh record this week. However, this same index, priced on Bitcoin, has been around 15% lower so far this year. That gap shows just how strong Crypto’s gatherings are.
Bitcoin Terminology Variations
According to market analysts, the Kobeissi letter highlights dramatic changes by measuring the S&P 500 against BTC. Since 2012, the index has fallen by almost 100% against Bitcoin, based on Bitbo data.
Investors who have stuck to Bitcoin instead of stocks over the past decade have been sitting on massive profits. That contrast is no longer possible to ignore.
Really incredible:
The S&P 500 in Bitcoin terminology is currently down 15% since the start of the year.
Since 2012, the S&P 500 on Bitcoin terms has declined by -99.98%.
We are all witnessing history. https://t.co/dsohhjqxvo pic.twitter.com/uhetngtqgy
– Cobessie’s Letter (@kobessiletter) July 11, 2025
Top Crypto hits new highs
Based on CoinMarketCap figures, BTC pushed over $118,800 on Friday. Digital assets rose 6% in the last 24 hours and 10% in the past week. Overall, BTC has increased by 26% in 2025. These numbers have attracted new attention from traders who once treated the code as a fringe bet.
In 2025, money flooded the code through funds traded on US exchanges. As of this week, 12 US Spot Bitcoin ETFs have totaled 126 million BTC, including $148 billion at current prices.
According to Bitbo data, its stash represents more than 6% of all Bitcoins in the circulation. The inflow into digital asset ETFs landed them as the third largest fund category in the first half of the year, tracking only short-term government debt and money, state street data shows.
Heavy inflows push records
On Thursday, Bitcoin ETF recorded its second day inflow so far, pulling in over $1 billion. Traders view these ETFs as an easier way to leverage BTC gain without directly dealing with them on wallets or exchanges.
At the time of writing, Coingecko’s data shows BTC transactions at $118,038.
The past 10 years…
Bitcoin $ BTC: +40,450%
nvidia $ nvda: +34,815%
Tesla $ tsla: +1,702%
Netflix $ nflx: +1,206%
Microsoft $ msft: +1,199%
Amazon $ amzn: +926%
Meta $Meta: +751%
apple $ aapl: +691%
Google $ googl: +556%
S&P 500 $ spy: +262%
gold $ gld: +175%
US Inflation (CPI): +35%– Charliebilello (@charliebilello) July 11, 2025
High-tech stocks are behind
Bitcoin surges aren’t just outperforming the broader stock index. Analyst Charlie Bilero points out that BTC has climbed far more than the big technical names such as Nvidia, Tesla and Netflix over the past decade. Its wider outperformance added fuel to the argument that digital currencies belong to a major portfolio.
US stocks are close to record highs in greenback, but are behind in Bitcoin terms, so some investors are weighing how to balance their bets. The rush to spot ETFs speaks of growing belief that crypto is worthy of spots alongside stocks and bonds.
Dall-E special images, TradingView chart
