One S&P 500 Stock Is Beating Bitcoin This Year. It’s Not Tesla or Meta.


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Bitcoin ‘s performance this year has trounced nearly every name in the stock market—except for one.

The largest cryptocurrency has rebounded from the depths of the bear market that defined 2022. Bitcoin began January around $16,500 and topped $28,750 on Wednesday, its highest level since June. A 74% year-to-date gain puts the digital asset far ahead of the Dow Jones Industrial Average which is down around 2%, and the S&P 500 which up about 5%, over the same period.