Been thinking about Bitcoin's crazy run lately. If you'd thrown $10k at it back in early October 2020, you'd be sitting on around $115k by mid-2025. That's roughly a 1,060% gain in five years. Wild, right?

What's interesting is how different the narrative around Bitcoin has shifted. Five years ago, a lot of people were still skeptical. Now you've got major financial institutions actually offering Bitcoin products, especially those spot ETFs that made it way easier for regular investors to get exposure. The regulatory environment has loosened up too, which helps.

The money supply explosion from government spending definitely played a role in all this. When central banks are printing money like crazy, assets with hard supply caps like Bitcoin start looking pretty attractive. It's not just hype - there's actual economic reasoning behind why capital keeps flowing into it.

Of course, Bitcoin's been volatile as hell over this period. If you look at its price history, you'd see some brutal dips - the lowest bitcoin price ever seemed to pop up during certain market panics. But that's kind of the point for long-term holders. The people who stuck it out through the volatility are the ones looking at those massive gains now.

The stock market during the same five years? Nowhere close to those returns. Makes you wonder what's driving the next phase of growth.