We in contrast BTC’s returns to passive, market-cap weighted portfolios of the highest 10, 25, 50, and 100 tokens over the previous 5 years. None of those passive portfolios had been in a position to outperform BTC. And a few of them misplaced cash over this era. BTC can be one of many lowest volatility digital belongings, so this outperformance is spectacular on a risk-adjusted foundation as nicely.