Not to mention the execution risk, #[2]​ made a great point on this recently, roughly look at what the avg p/e equates to in yield and compare the execution risk to a 3 month treasury.

Now point buying S&P500.

‪Buy #bitcoin and self custody!‬ Zero execution risk!

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I heard it. He's right.

It amuses me that they call this "accredited investor", "sophisticated investor" or "smart money".

They are going to get one massive punch in the face.