Should You Dump Bitcoin for Stocks After the S&P 500 Hit a New Record on Apple’s $100 Billion Buyback?

Apple’s $100 billion buyback and $111.2 billion Q2 revenue helped lift the S&P 500 to a record close of 7,230 on May 1, driven by a 3.26% rise in AAPL. At the same time, institutional demand favored Bitcoin: spot BTC ETFs logged $629.8m of net inflows that day (BlackRock’s IBIT $284.4m) and $2.44bn for April. The piece argues against rotating out of BTC into stocks now, noting the S&P is near all-time highs while Bitcoin trades roughly 38% below its Oct 2025 peak, and that structural supply dynamics and ETF custody reduce circulating BTC supply — implying more upside potential for BTC than for equities from here.