Although the S&P 500 continues to update historical highs, in terms of bitcoins, the index has fallen more than 88% since 2020. Opening Bell Daily media co-founder Phil Rosen stated that.
His opinion was supported by crypto investor Anthony Pompliano. In his post, he wrote:
Pompliano noted that bitcoin serves as a “benchmark for returns” and added that if someone isn’t able to outperform it, they will have to buy it.
S&P 500 chart. TradingView.
However, there are those who criticize Rosen’s opinion. An entrepreneur under the pseudonym WellspringGP said the comparison is incorrect, as the S&P 500 has added more than $25 trillion in market capitalization — nearly 20 times the size of bitcoin — and questioned which of these assets is truly productive.
In response, Pompliano noted that stocks can’t be considered productive enough if they are inferior to value preservation vehicles like bitcoin or gold.
However, according to WellspringGP, the S&P 500 represents companies that create real value, unlike bitcoin, which “only consumes.”
Recall, on October 5, 2025, the first cryptocurrency broke the $125,000 mark, setting a new historical record.


Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more