[unitg]

Bitcoin has outperformed 97% of all S&P 500 companies in 2023. Bitcoin was also the best performing asset of the decade. https://imgur.com/a/7SB3MtL

FINES BY SEC: Merrill Lynch – $100 million Fine in 2002, Goldman Sachs- $550 million 2010, Eli Lilly & Co. – $1.42 billion 2009, UBS AG – $1.5 billion in 2012, Abbott Laboratories – $1.6 billion in 2012, Siemens $1.9 billion in 2008, HSBC Holdings – $1.9 billion in 2003, Pfizer – $2.3 billion in 2009, Bank of America – $3.6 billion in 2009, JP Morgan Chase – $13 billion in 2013

Did the SEC send a clear message? Are these company's dead? lol.. Are the industries they are in dead?

[Gazoche]

Bitcoin only "outperforms" year-to-date because it massively dropped last year. You could make that table tell the opposite story by adjusting some date ranges.

It's like saying tulips outperformed every other assets for a few years in the 1600s.

[maxbond]

(Nevermind, ignore me, consider this a crank comment.)

What risk do you think the market has been handsomely compensating Bitcoin investors for over the last year?

Genuine question, I don't know the answer, but if the market were pricing in the risk of Bitcoin suddenly going to zero through regulatory action, it might make sense that the price goes up a lot as old investors compensate new investors to exit while the music slows.

I feel like people smarter about finance than me who were paying close attention to Bitcoin might gather clues about this hypothesis from watching the order book consistently, so yeah, genuinely asking.

[lotsofpulp]

> if the market were pricing in the risk of Bitcoin suddenly going to zero through regulatory action, it might make sense that the price goes up a lot as old investors compensate new investors to exit while the music slows.

I cannot make any sense of this.

[maxbond]

Yeah, I got a wire crossed there for a moment, my bad. Thanks for helping uncross it. I've retracted the comment.