Just seen an equity price that puts an investment of mine down by 16% vs 12 months ago
Since 27 April 2024 Bitcoin is up by 30%
🤯
The shareholders of this company not only saw their equity valuation go backwards, their real purchasing power eroded, but also they’ve missed out on 41% elsewhere
Really puts the pressure on the question “is a company now obsolete as a store-of-value?”
The mad thing: 98% of the rest of the shareholders won’t even run this calculation