Everyone says “just zoom out” on Bitcoin… so I did
| I looked at a straight 5-year buy and-hold comparison over that period Bitcoin is up about 70%, while the S&P 500 is up roughly 85%. Same timeframe.. no trading, no timing the market, just holding… Bitcoin had huge swings, long drawdowns, and plenty of moments where you’d be questioning your sanity. However, the S&P 500, on the other hand kept moving higher in a fairly boring way that’s backed by real companies making real money… not saying Bitcoin is or was completely useless or that it can’t pump again. But when people talk about it like it’s an obvious long-term store of value I don’t really see it here?. You took on way more volatility and uncertainty, and still ended up with a lower return than a basic index fund! So yeah, if you zoom out far enough, you do learn something.. just maybe not what the Bitcoin crowd thinks. Sometimes boring compounding backed by actual businesses beats hype and speculation over the long run. [link] [comments] |