Bitcoin turned $10,000 into $870,000 in a decade where 87% of active stock funds failed to beat passive rivals
Bitcoin returned 87 times over a decade, while only 13% of actively managed US large-cap equity funds beat comparable passive funds' benchmarks through June 30, according to Morningstar data reported by The Wall Street Journal.
That rate rose to 27% over the latest 12 months, and Wall Street has argued that AI-driven dispersion and higher interest rates should give stock pickers more room to outperform.
Bitcoin closed at $673.34 on June 30, 2016, and closed at $58,558.86 on June 30, 2026. This means a $10,000 position in the top crypto will grow to about $869,677.
That equals roughly 87 times the original capital and an 8,597% total return, resulting in Bitcoin compounding at about 56.3% a year over the period.
State Street lists SPY’s 10-year annualized total return at 15.35% through June 30, with distributions reinvested. A $10,000 investment compounded at that rate reached about $41,704, and Bitcoin finished with about 20.9 times the final wealth.
Fund mandates kept most active large-cap managers inside equities, since US spot Bitcoin ETFs arrived only in 2024. Investors made the broader comparison at the portfolio level, where capital could move across asset classes.
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