This decade, Bitcoin has beaten stocks handily. Even if you handicap Bitcoin by pricing it in gold and keeping the S&P 500 in dollars, Bitcoin has dramatically outperformed. Since Jan 2020: 1 Bitcoin went from 4.5 oz of gold → 18.2 oz (4.0×) SPY went from $325 → $748 (2.3×) That’s 22.4%/yr vs 12.9%/yr. Bitcoin beat stocks, even measured in the hardest money humans had before it. I believe we are going to see a bullish reversion in the BTC/Gold ratio and Bitcoin will continue leaving both assets in the dust through the end of this decade and beyond:
Adam LivingstonShare
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