Sure, but you could also have used this dollar to buy oil, gold, stocks, bonds etc
To be fair bitcoin’s initial years were extraordinary. By any metric you use though the rate of increase has clearly slowed.
BTC has grossly outperformed SPY over the last 3 years (+129% btc, +64% spy), last 4 years (+271% btc, +95% spy) and last 6+ years (6y: +457% btc, +115% spy), and the gap only grows the further back you go.
last 1 year, last 2 years, and last 5 years are the only "last n years" windows in which SPY has outperformed BTC. There are 19 of those windows to choose from, and only 3 where SPY wins, and that's near the bottom of the trough of the current halving cycle, no less. At the peak of the halving cycle, there are no windows in which SPY beats BTC.
Convenient date to pick there.
> which of those assets would you have preferred to own and why?
NVDA.
It's a productive use of resources, not a last-fool-standing pyramid scheme.