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Crypto companies are tech stocks. But even so, crypto itself has actually given up LESS than the typical high growth tech stock. The pre-pandemic price of BTC w
by TaupeRanger 4y ago
Crypto companies are tech stocks. But even so, crypto itself has actually given up LESS than the typical high growth tech stock. The pre-pandemic price of BTC was around 9-10k. It's still double that right now. Meanwhile, companies like Teladoc and Shopify have fallen BELOW their pre pandemic levels, and newly IPO'd companies like Palantir, Robinhood, etc. are floundering down to new lows every other week.
- camdat 4y agoWhat an odd comparison, BTC is essentially one of two "blue-chips" in crypto. Comparing it to a AAPL or BOFA would be more apt. Or comparing RH PLTR to a shitcoin (ApeCoin has called to essentially nothing.)
- TaupeRanger 4y agoThere is no blue chip cryptocurrency. They are just as speculative as growth stocks and certainly nowhere near as stable as Apple or Bank of America.