Nothing beats Bitcoin over the last decade

in GEMS4 years ago

The reason it makes sense to own bitcoin...

I've touched on this a few times recently, but here's further proof, as if you really needed any more at this point.

I mentioned how bitcoin has grown at an annualized growth rate of roughly 200% for the last decade or so, but did you know that is compounded?

It makes sense when you think about it, but if you didn't, here's a graphic to show you how impressive that really is...

image.png

(Source: https://twitter.com/michael_saylor/status/1378685706403512321/photo/1)

That means that bitcoin has grown on average by roughly 200% every single year for 10 years straight.

The next closest thing is TSLA stock, and that's at 64%.

The S&P is actually slightly better than I expected at 11%, but this is during a great bull market.

Bitcoin's numbers are basically taking into account its entire existence, if you take into account the entire existence of the S&P that 11% number drops significantly.

It probably almost gets cut in half.

Anyways, this is why bitcoin needs to be own, hodl'ed, and socked away.

Fiat is losing value, and that doesn't look to change any time soon.

Past performance doesn't predict future results, but it makes sense to me to keep riding this trend until it stops working.

It's got a perfect track record so far.

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Can you imagine there are people still not so sure about crypto. Unreal.

If nothing else it makes sense to own it as a gamble that those kind of returns will continue.

Crypto is raiding the world

Gold is old, bitcoin rocks.

Can it repeat for another decade?

Can it repeat for another decade?