According to the source, a social post claims that over 14 years Bitcoin (BTC) returned about +4,600,000% versus Gold +143% and the S&P 500 +439%, highlighting extreme long-term relative strength relevant for allocation and momentum screens. source: original post Traders should validate magnitudes and start-date assumptions using primary datasets for BTC, gold, and S&P 500 total return before acting on the claim. source: Coin Metrics price series (coinmetrics.io), World Gold Council gold data (gold.org), S&P Dow Jones Indices total return series (spglobal.com/spdji) Relative-strength strategies can be implemented via BTC.D, BTC/XAU, and BTC/SPX ratio trends using time-series momentum rules from peer-reviewed research. source: TradingView ratio charts (tradingview.com); Time Series Momentum by Moskowitz, Ooi, and Pedersen, Journal of Financial Economics 2012 (papers.ssrn.com) Monitor US spot Bitcoin ETF issuer dashboards for daily creations/redemptions to gauge incremental demand that often accompanies trend acceleration. source: iShares IBIT daily holdings and flows (ishares.com), Fidelity FBTC daily data (fidelity.com) For risk control, compare volatility-adjusted returns across assets and apply regime filters around major macro releases to reduce whipsaws in BTC relative-value trades. source: AQR time-series momentum research (aqr.com/Insights), US macro calendars and releases (bls.gov, bea.gov)

According to the source, a backtest using official IRS Economic Impact Payment schedules and BTC prices from CoinGecko shows that allocating the three U.S. Covid relief checks into Bitcoin would have accumulated roughly 0.227 BTC by using IRS payment start dates and CoinGecko daily prices. At BTC’s all-time high of about $73,738 on March 14, 2024, as reported by CoinGecko, that stack would be worth approximately $16,700 versus $3,200 invested, a gain near 5x by calculation. The implied blended entry price is about $14,100 per BTC based on IRS payment amounts and CoinGecko prices, indicating the cohort would be in profit above that level by calculation. Tranche detail: $1,200 when EIP1 began in April 2020 (IRS) at about $6,650 per BTC (CoinGecko) equals ~0.180 BTC; $600 when EIP2 began on December 29, 2020 (IRS) at about $27,374 (CoinGecko) equals ~0.022 BTC; $1,400 when EIP3 began on March 12, 2021 (IRS) at about $57,000 (CoinGecko) equals ~0.025 BTC. For traders, the 2024 ATH and the ~$14.1k blended cost basis provide clear reference levels for momentum and profit-taking analysis derived from CoinGecko pricing and IRS schedules.