If some unlucky person bought bitcoin right at the very top of the cycle in 2021, they're now down less than if they had bought US Treasuries at that moment instead.
That's how awful bonds have been.
Just thinking about Alfonzo Picatillo taking about his 30% a year and his performance in the bond market while his peers are jealous of his portfolio. SMH.
Gold has returned 8.63% from 2016-01-01 until 2024-02-19. Adjusted for inflation (CPI), that's 5.19%. Still better than bonds.
S&P500 over same time period is 14.43%, adjusted for inflation that's 10.74%.