Volatility Difference: Bitcoin's daily price movements have exceeded 20% multiple times, while the S&P 500 has never had a daily price movement exceeding 13%.
Institutional Adoption: Significant institutional investment in cryptocurrencies began after 2020, with companies like Tesla, MicroStrategy, and Square adding Bitcoin to their balance sheets.
Recovery Patterns: Traditional stock markets have a longer track record of recovery after major crashes, while cryptocurrencies have gone through multiple 70%+ crashes followed by new all-time highs.
Market Maturity: The cryptocurrency market is still in its early adoption phase compared to the centuries-old stock market.
Regulatory Environment: Stock markets operate under well-established regulatory frameworks, while cryptocurrency regulation varies widely by jurisdiction and is still evolving.