Comment by ForHackernews
16 hours ago
Why do cryptobros always refuse to admit investing exists? Forex and crypto trading are always zero sum, but you don't have to choose between dollars under your mattress or bitcoin on a thumb drive, you can actually invest in productive assets.
SPY has outperformed BTC over the last 5 years, and with far less volatility.
Cherry picked window. BTC has grossly outperformed SPY over the last 3 years (+129% btc, +64% spy), last 4 years (+271% btc, +95% spy) and last 6+ years (6y: +457% btc, +115% spy), and the gap only grows the further back you go.
last 1 year, last 2 years, and last 5 years are the only "last n years" windows in which SPY has outperformed BTC. There are 19 of those windows to choose from, and only 3 where SPY wins, and that's near the bottom of the trough of the current halving cycle, no less. At the peak of the halving cycle, there are no windows in which SPY beats BTC.
Speaking of cherry-picking, props for avoiding the entire point of my comment and instead pulling out some carefully-chosen NUMBER GO UP examples.
With apologies to Mr. Buffett[0] if you, @anonym29, could wave a magic wand and choose to own either...
A) All 21 million bitcoins or
B) All farmland in the United States.
I submit that only an idiot would pick A.
[0] https://ivanhoff.com/2013/04/15/warren-buffett-on-gold/
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