4-Year CAGR
BTC: 14%/year
Gold: 13%/year
S&P500: 12%/year
ETH: 8%/year
This is the first time BTC is in the same range as other major assets over a 4-year period.
Bitcoin at 94k today should feel WORSE than 16k in 2022 for this reason.
Discussion
Just give it a week.
Podcasters are still spruiking 50%/year CAGR by including old data. 14% is great but 50% it is not!
You are right, and the timing you used for the calc for BTC is also the most unfortunate moment of buying.
From 60,000 to 95,000
Am I right?
For the last 10 years I calculated a 63% compounding interest. Still unbeated by any other investment.
(To calculate compound interest, use the formula: A = P(1 + r/n)^(nt), where A is the total amount, P is the principal amount, r is the annual interest rate (as a decimal), n is the number of times interest is compounded per year, and t is the number of years. )
we are literally at all time lows in bitcoin.
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4 year CAGR is that. Give it 6 months to a year.