According to Charlie Bilello, the S&P 500 ended 2025 up 17.9% on a dividend-inclusive basis, exceeding expectations for the year, with the update shared alongside the SPX ticker and his newsletter link. Source: Charlie Bilello, X post on Dec 31, 2025; bilello.blog newsletter. For crypto traders, this equity strength is relevant because Bitcoin and U.S. equities have shown higher return correlations since 2020, indicating shared risk sentiment that can transmit across markets. Source: International Monetary Fund, Crypto Prices Move More in Sync with Stocks, 2022. The IMF has also highlighted increasing spillovers from equity markets to crypto assets, reinforcing the need to track SPX moves when positioning BTC and ETH. Source: International Monetary Fund, Crypto-Stock Correlations and Financial Stability, 2022.

According to @StockMKTNewz, Warren Buffett’s compound annual gain from 1965–2024 is 19.9% versus the S&P 500’s 10.4%, with total overall gain from 1964–2024 at +5,502,284 for Buffett and +39,054% for the S&P 500 (source: twitter.com/StockMKTNewz/status/1961830420154085695). For trading, this long-horizon equity benchmark can be used by crypto allocators to set hurdle rates and risk-adjusted targets versus BTC, especially as crypto–U.S. equities correlations have strengthened in recent years, shaping cross-asset flows and positioning (source: International Monetary Fund research, 2022).