Bitcoin vs S&P 500 (SPY): $1,000 invested since 2023
BTC-USD vs SPY · Data through 2026-07-01
$1,000 invested in 2023 would be worth
BitcoinWinner
$2,521+152.1%
S&P 500 (SPY)
$1,916+91.6%
The same $1,000 in the S&P 500 would be worth $1,916(+91.6%)
Growth of $1,000
Bitcoin vs. S&P 500 (SPY) vs. S&P 500, 2023 to present
Year-by-year comparison
Bitcoin vs. S&P 500 (SPY), 2023 to present
| Year | Bitcoin | S&P 500 (SPY) |
|---|---|---|
| 2023 | $1,000 | $1,000 |
| 2024 | $1,840 | $1,206 |
| 2025 | $4,426 | $1,522 |
| 2026 | $3,398 | $1,771 |
Which came out ahead
From a $1,000 stake at the start of 2023, Bitcoin (BTC-USD) came out ahead of S&P 500 (SPY). That $1,000 grew to $2,521 in BTC-USD versus $1,916 in SPY as of 2026-07-01, roughly $605 more in the end.
In total-return terms the order is clear. Bitcoin returned +152.1% against S&P 500 (SPY) at +91.6%, a gap of about 60.5 percentage points over the 3.6-year window. Compounded, that is about 29.4% a year for BTC-USD against 19.9% for SPY.
Because S&P 500 (SPY) is itself a broad index fund, this matchup measures a single position against the market rather than against another single stock. Volatility was not shared evenly. Bitcoin moved across a far wider band of yearly returns than S&P 500 (SPY) did. All figures use split-adjusted closing prices and exclude dividends, taxes, fees, and inflation, so a real after-tax result would differ.
Treat this as history rather than advice about either company. Past performance does not guarantee future results.
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For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.