According to Eric Balchunas, Bitcoin is up roughly 300% since BlackRock filed for an ETF 30 months ago, even after the recent pullback (source: Eric Balchunas on X, Nov 5, 2025). According to Eric Balchunas, that performance equates to nearly 80% annualized, underscoring strong multi-year returns despite short-term volatility (source: Eric Balchunas on X, Nov 5, 2025). According to Eric Balchunas, this return profile provides traders with context for positioning and risk management during drawdowns (source: Eric Balchunas on X, Nov 5, 2025).