This is the reason why Bitcoin is crashing and will go lower. It is no longer an investment for those who want to make money. It is based on the greater fool theory for pricing. Same as all crypto. Charlie Munger said it was rat poisoned squared. It is starting to look that way. I'm dumping the small amount I have left. Good thing it was under 0.2% of my portfolio.
Bitcion (BTC). Based on Bitcoin's 5-year total return of +9.47% (growing from $59,747.74 to $65,403.67), the Compound Annual Growth Rate (CAGR) is 1.83%. Inflation was more than double that. Possibly almost triple.
Where do real investors put their money? Same place that has worked for a century plus. Stocks. Assets that actually produce something.
S&P 500. The index rose from 4,682.85 five years ago to 7,561.67. This represents a total price return of +61.48% and an annualized return of 10.06%.
Nasdaq Composite. The index climbed from 15,860.96 five years ago to 25,136.27. This represents a total price return of +58.48% and an annualized return of 9.65%.
Invest wisely, folks. You want another 5 years of watching inflation incinerate your buying power? If so then certainly buy all the crypto you can?
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