Saifedean Ammous: Bitcoin Will Outperform Every Other Asset

Bitcoin’s long-term value proposition rests on its decoupling from traditional financial assets and its massive outperformance relative to indices like the Dow Jones and S&P 500. While day-to-day correlations with macroeconomic trends exist, these fluctuations represent high time preference noise rather than the long-term signal of Bitcoin’s growth. The magnitude of returns over extended periods renders daily market battles irrelevant, as Bitcoin continues to operate independently of shifting monetary regimes. Despite the Federal Reserve’s surprisingly committed cycle of interest rate hikes, Bitcoin’s resilience—maintaining a price level around $30,000—suggests that central bank policy may have less impact on the asset than commonly assumed. Ultimately, the internal dynamics of the Bitcoin network and its continued operation outweigh the difficulty of predicting the Federal Reserve’s unpredictable maneuvers in the fiat financial system, which often prove less interesting than the outcomes of football games.