Here’s the original caption for this excellent chart (posted by [@Ra89Capital] on X):
“Make no mistake, it [Bitcoin] hasn’t done jack f*cking shit in years vs real money.”
My take:
1️⃣Use the right denominator.
Any serious financial comparison needs a sound unit of account — not a fiat currency that steadily loses purchasing power (including the USD 💵).
2️⃣Frustration is real.
What might be counterintuitive, people who understand point #1 have been disappointed with Bitcoin’s performance in recent years. Sentiment in Bitcoin circles isn’t great 🤦♂️⛈️— and the chart captures why.
3️⃣Bitcoin vs. gold.
Holding Bitcoin has still beaten holding gold:
🔸Physical gold is easy to confiscate🫳💰;
Bitcoin isn’t🫳🖕.
🔸Gold ☎️faces existential risk from Bitcoin — its digital successor📱.
🔸Bitcoin is ~10x smaller than gold and adopting much faster, which leaves more room for sharp upside🚀. It may take patience😴, but the asymmetry remains.
If you’d like this and much more explained in plain, no-jargon language, drop your email on my site — I’ll let you know when my book “Broken Prices”📖 is out.
It will make concepts like “the right denominator” feel simple and intuitive.
👉 SoundMoneyRoad.com
#Bitcoin #SoundMoney #BrokenPrices #Macro #Finance
