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> Holding NVDA You're right about NVDA outperformance but I really don't compare BTC to individual stock picks. Individual stocks can have insane runs with company growth, tapping new markets, etc. BTC is an asset class onto itself and as a diversifier in my portfolio. This is how BlackRock, Fidelity and other institutions present BTC to TradFi investors. It's generally an asset class that has less correlation with other traditional assets such as stocks and bonds. If you start from Jan. 2018 (because it's just silly going back to 2009-11 when BTC was pennies to show it's gone up 10,000% or some ridiculous number) when BTC was around $13.5K, coming off ATHs and was a large cap, BTC has outperformed all the big asset classes by a huge margin. This also includes every single large cap crypto stock in the time frame, all of which with the exception of ETH have actually lost USD value. It's amusing to see people espouse Bonds and TIPs (Treasury Inflation-Protected Securities) as inflation hedges when they actually have lost money over 7 years. Next to those, REITs and Gold have been the next shittest investments. BTC has performed amazingly in the high inflation environment of the 2020s. The mistake people make is looking at CPI which is have year-over-year inflation and CPI statistics shows things are more expensive this year than last. It doesn't mean BTC has to immediately spike up and provide protection this year. NOTHING is guaranteed to do that. But just look at how BTC has performed over the time period of years during inflation compared to Gold, TIPs, Bonds, REITs and even Stocks. | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 7yr. |:-----------|:-------:|:------------:|:-----------|:-----------:|:--------:|:-:|:-:| | BTC -73% | BTC 92%| BTC 303% | BTC 60% | BTC -64%| BTC 55% | BTC 130% | 640% | SPY -6.6% |SPY 30.4%| SPY 15.7% | SPY 26.6% |SPY -19.6%| SPY 23.8%| SPY 25% |160% | QQQ -0.6% |QQQ 42%| QQQ 47.4% | QQQ 26.9% |QQQ -32.8%| QQQ 53.5%| QQQ 28.8% | 214% | GLD -2.7% |GLD 17.7%| GLD 24% | GLD -6.05% |GLD 0.5 %| GLD 11.6%| QQQ 26.5% | 67% | REIT -4.6% |REIT 25.9%|REIT -8.1% | REIT 43.2% |REIT -24.4 %| REIT 13.7%| REIT 7.7%| 21% | TIPS -1.4% |TIPS 8.3%|TIPS 10.9% | TIPS -5.5% |TIPS -12.1%| TIPS -3.7%| TIPS 1.6% | -6.2% | AGG -0.1 %|AGG 8.4 %| AGG 7.5% | AGG -1.8% |AGG -13% | AGG 5.7%| AGG 1.38% | -11.1% SPY - S&P 500 Large Cap Companies Index ETF QQQ - Most Popular Tech ETF GLD - Most Popular Tech ETF REIT - Tracking Blackrock iShares Core U.S. REIT ETF (Real Estate Investment Trusts) TIPS - Tracking Blackrock ishares TIPS ETF (short, mid, long term Inflation Protected Securities) AGG - Tracking Blackrock iShares Core U.S. Aggregate Bond ETF (Investment grade and corporate bonds)
$IBIT took in more cash than any other ETF in the world over the past week. This is out of 13,227 ETFs, which includes $VOO $IVV $AGG etc. It’s so hard to beat those veteran Cash Vacuum Cleaners, even for a week, especially for an infant ETF (3mo-1yr old) https://twitter.com/ericbalchunas/status/1852073963947528692?s=46&t=ihVglVXC0BQSbw6j57EoaA
Ron: AGG Hamirz EEEE Nag Hard hermione. No, its Agg Hamirez AAAAH! Nag Hard!
BTC is still the Goat: 2024 YTD... Bitcoin $BTC: +43% Crude Oil $USO: +18% Gold $GLD: +11% Silver $SLV: +10% S&P 500 $SPY: +6% Nasdaq 100 $QQQ: +4% Emerging Markets $VWO: +3% Developed ex-US $VEA: +2% Cash $BIL: +2% Small Caps $IWM: -2% Aggregate Bonds $AGG: -3% REITs $VNQ: -9% Volatility $VXX: -12%
BTC is still the GOAT. 2024 YTD... Bitcoin $BTC: +43% Crude Oil $USO: +18% Gold $GLD: +11% Silver $SLV: +10% S&P 500 $SPY: +6% Nasdaq 100 $QQQ: +4% Emerging Markets $VWO: +3% Developed ex-US $VEA: +2% Cash $BIL: +2% Small Caps $IWM: -2% Aggregate Bonds $AGG: -3% REITs $VNQ: -9% Volatility $VXX: -12%