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by lowkey
790 days ago
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Purchasing bitcoin on any random date in history and holding it for four years or more has outperformed every single index, ETF, stock, commodity, real estate every single time. Betting on a single index even being around in 100 years is risky. Betting on the dollar lasting 100 years is risky. Betting on Bitcoin lasting 100 years is also risky. I think looking at 5, 10, or 20 time horizons is more practical and I have high confidence that Bitcoin will continue to be the best performing asset on those time horizons. |
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The reason I said 100 years is because the US went off the gold standard in 1933 (although it had a weird modified version until the 70s).
There are individual stocks that have been around for over 100 years. The Dow Jones has been around since 1884. Stock exchanges have been around since the 1500s.
Indexes that apply to the averages of top, say, 200 stocks in a given country's econonmy will definitely be there in 100 years, absent a collapse so monumental that money itself has no meaning.
Bitcoin is a freakish sideshow by comparison. Might as well buy baseball cards.