The Impact of Best Days on Bitcoin Returns

Over the past three years, Bitcoin has risen by approximately 225%, outperforming the Nasdaq index, which showed growth of 109%. However, this result is largely determined by several key trading sessions.

Impact of Best Days on Total Returns

Data analysis shows that less than 0.5% of trading days accounted for a significant portion of the asset's growth. Excluding the most successful sessions from the calculation radically changes the picture:

• without the 5 best days, returns are +95%
• without the 10 best days — only +27%
• without the 15 best days, a loss of -11% is observed

Grayscale emphasizes that the best days cannot be predicted in advance. Waiting for the perfect moment to enter the market can cost investors a significant portion of potential profits.