According to Delphi Digital's latest analysis, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have yielded positive long-term returns across most five-year holding periods since May 2016, despite significant declines exceeding 50% since October 2025.
The analysis examined all possible five-year holding periods and found Bitcoin's worst-case scenario return at -13%, with an average return of over 8x. Ethereum and Solana showed no periods of negative return, with Ethereum averaging approximately 13x returns. The analysis included staking rewards for ETH and SOL.