people love to talk about crypto/btc underperforming stocks fo x years during a bear market low, and use it to say its not worth holding
well
no shit
the point is to play the cyclical nature of crypto
and we're clearly entering/are in deep value vs SPX, buying here or 20-30% lower won't make a world of difference
right now, if you're in stock indices you should be looking to allocate to crypto, not the other way round because of FOMO
(even if you think crypto has 'failed', we won't see a TKO.
The liquidity, infra, mindshare is there, even an underwhelming cycle will return well in SPY terms)