Bitcoin DCA strategy from ATH would have generated profit, beat S&P 500

Quick Take

• Bitcoin has endured a painful last 18 months, from the November 2021 high of roughly $69,000.
• Looking at the market cap, Bitcoin had fallen as much as 75% from its all-time high – its fourth biggest drawdown in history.
• However, the dollar cost average strategy (DCA) of putting $10 into Bitcoin daily since the ATH would result in a profit on the investment, based on Glassnode data analyzed by CryptoSlate.
• The percentage return on investment with this strategy is around 10%, with a nominal return of roughly $500. This chart was created earlier in the week, so the return now may be slightly less as Bitcoin has dropped 2% since the chart's creation.
• However, a $10 DCA into Bitcoin has outperformed the S&P 500, which is down 13% from its high back in November.
• Taking the same approach with the S&P 500 would yield a flat return on investment.

Analyst View profile →

James Van Straten

Former Lead Analyst • CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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