You know that you can’t just judge an investment by past return, right? Would it be rational for a lotto player to tell you how great lotto is as an investment? Or people winning at the casino? Success doesn’t mean it was the rationally optimal decision.
Compare a purchase of any commodity, bond, precious metal, or ETF/mutual fund in 2008 to BTC's performance since 2008. Or 2009, or 2010, or 2011, or 2012, or 2013, or 2014, or 2015, or 2016, or 2017, or 2018...
Sure. Since the invention of say Bitcoin, which of those assets would you have preferred to own and why?
> Since the invention of say Bitcoin
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.
hindsight is the best hedge fund
You know that you can’t just judge an investment by past return, right? Would it be rational for a lotto player to tell you how great lotto is as an investment? Or people winning at the casino? Success doesn’t mean it was the rationally optimal decision.
Compare a purchase of any commodity, bond, precious metal, or ETF/mutual fund in 2008 to BTC's performance since 2008. Or 2009, or 2010, or 2011, or 2012, or 2013, or 2014, or 2015, or 2016, or 2017, or 2018...
It’s a bit cherry-picking, but right now BTC’s 5-year growth is 28% while the S&P is 67%.
To be fair bitcoin’s initial years were extraordinary. By any metric you use though the rate of increase has clearly slowed.