Is 25% YTD really something we can call a bull market though?
Discussion
For context, that’s twice the average annual return of the stock market, a little over half the way in. And that’s after something like a 130% gain in 2024.
It’s not a raging bull market, no. I’d love to see some random god candle up to $150k. But for an asset as big as a mag7 stock to be up this much isn’t bad at all.
It’s decent, but personally I don’t consider it a bull market in bitcoin until it’s massively outperforming SPY.