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Bitcoin vs S&P 500 — risk asset correlation and return comparison. BTC's beta and relative performance vs US equities.
| Metric | Bitcoin | S&P 500 | Δ |
|---|---|---|---|
| Bitcoin Market Cap | $1.55T | — | — |
| Bitcoin Price | $76.72K | — | — |
| Bitcoin 24h Change | -1.68% | — | — |
| Bitcoin FDV | $1.55T | — | +0.0% |
| Bitcoin ATH | $126.08K | — | — |
| S&P 500 Reference Market Cap | — | $50.00T | — |
| Bitcoin as % of S&P 500 | 3.1% | 100.0% | — |
| Flip Multiple (Bitcoin → S&P 500) | 1.0x | 32.2x | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
Bitcoin vs S&P 500 is the canonical risk-asset comparison. Rolling correlation has ranged 0.3-0.7 since 2020. BTC has outperformed the S&P on longer horizons (3-5 year windows) but underperforms on specific shorter windows (bear markets, risk-off phases). Institutional allocators increasingly treat BTC as high-beta risk asset exposure — positioned alongside tech stocks rather than as a true diversifier. The BTC-S&P correlation matters for portfolio construction: at 0.6 correlation, a 10% BTC allocation adds meaningful concentrated equity-style risk.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks