I don't mean to killjoy on this point, but if we're honest, Bitcoin only rose 425% in 8 years if you measure it from the 2017 peak. Therefore, where one buys it matters matters a lot when it comes to your point. But generally speaking, if BTC really was the bulwark against inflation it's claimed to be, why isn't the price 500k now? We've had so much inflation over the last 5 years, that it's out of control, yet BTC barely trickles up except for the blow-off periods, but even those are not that crazy if one measures from the last peak. The SPY rose almost 200% in the same period. Considering that BTC is a new asset with far lower liquidity, why hasn't it risen 10 or 20x more than the SPY over that time? Food for thought. I know BTCers aren't allowed to talk about this stuff, but it's right there.