S&P 500 average annual rate of return for the past 15 years is 13.8%. Which is pretty good. If we assume same ARR for the next 16 years and we assume power law model of #bitcoin price is going to be spot on 16 years from today, buying bitcoin at any price less than $525,000 would yield an ARR of at least 13.8%. At $100,000 per bitcoin, this would imply an ARR of 22.6%

But we will only know the future once it has become the past.