drgo on Nostr: Unlike years past, one can no longer blindly buy Bitcoin at any price and do well in ...

Unlike years past, one can no longer blindly buy Bitcoin at any price and do well in the future. For example, if one bought bitcoin last year at $121,000, it’ll be ~2030 before compound annual growth rate catches up to a stock market type return. But right now, bitcoin price extrapolation would show way better than average stock market returns over pretty much every timeframe greater than a year.