The reason why I'm unfazed by Bitcoin's recent underperformance vs. equities is because of how much I was buying in 2023, 2024, and earlier in 2025. Exactly one year ago, BTC was trading at $66k. It's only down -12% from the ATHs. Fam, I was buying at $20k, $30k, $40k, $50k, $60k, $70k, and $80k. I've made recent purchases between $105k-$112k. I feel confident that those purchases will generate large profits soon enough, but I'm also willing to be patient if it takes longer than I expect. The risks that I took in the past that paid off are allowing me to be patient today. That's the benefit of taking risk and being right, over time. It grants you the ability to be patient and also makes you immune to emotional pressures of fear, greed, etc. I'm literally just chilling. So am I concerned about BTC's underperformance? No. Is it annoying? Yeah, sure, slightly... but I also own stocks too and that portfolio is making new all-time highs as we speak. Ebbs and flows are a natural part of the game. Accept it, or you'll be doomed to fail. I hope this helps.(Caleb Franzen)