Earnings Beat Hype: The S&P 500 Leaves Bitcoin Behind

‼️ The S&P 500 has outperformed Bitcoin in 2026 and over the past five years, underscoring the advantage of earnings-backed, lower-volatility compounding over Bitcoin’s highly cyclical return profile. By mid-August, the S&P 500 was up 13.4% year to date and had notched 27 record highs, while Bitcoin was down roughly 27%—including a 20% decline over the preceding 90 days, versus a 5% gain for US equities. The divergence reflects a market rewarding profitable AI-led corporate growth and cash-flow visibility, while Bitcoin remains more exposed to liquidity shifts, sentiment, and punishing drawdowns

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