It is though. There are plenty of growth stocks down 80%. Many of which were being pushed heavily by the Youtube finance crowd. The same ones peddling FTX (cough)...
Just because you can find some individual stocks that are down 80% (and keeping in mind that 80% != thousands lol), doesn’t mean that the most volatile decile of the stock market hasn’t outperformed crypto.
The iShares Small Cap Growth ETF (which is a probably a decent proxy for the most volatile companies in the market) is only down 13% on the year.
The iShares Small Cap Growth ETF (which is a probably a decent proxy for the most volatile companies in the market) is only down 13% on the year.