Hard disagree on stacking sats: If you cherry pick your time period bear to bear you can always make Bitcoin's CAGR look bad. I remember in the 2022 bear 4 year CAGR was actually negative at one point. Nobody actually has that CAGR if they DCA though.

For example as a personal anecdote my current CAGR since my first buys early 2021 is now 17%, it was more like 30% before this recent correction. Nothing else can pull these numbers just as a buy and hold strategy.

In theory you could maybe have bought i.e. Palantir at IPO and outperformed this. But realistically with retail availability and without the benefit of hindsight for stock picking there's no way.