Excluding Bitcoin’s 15 Best Days Turns 225% 3-Year Gain Into Loss: Grayscale

Grayscale reports that Bitcoin gained 225% over three years, but excluding its 15 best-performing days would have turned that return into a loss. The finding underscores how concentrated Bitcoin’s long-term gains can be: missing a small number of sharp rallies materially changes the outcome. For investors, it highlights the risks of trying to time the market, while not guaranteeing future performance.