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> and the vast majority of cases you would be better holding onto shiny metal instead. Please explain this a bit more, because historically Bitcoin has seen mu
by samsin 4y ago
> and the vast majority of cases you would be better holding onto shiny metal instead.
Please explain this a bit more, because historically Bitcoin has seen much better returns than precious metals. What are some of the cases where precious metals have outperformed crypto?
- horsawlarway 4y agoWithin the context of the statement... The entire period where we've been experiencing high inflation. Ex: Gold went into 2021 at $1,798.89 and is now $1,874.00 (per/oz) Bitcoin went into 2021 at $40,257 and is now $17,536 Gold passed the "inflation hedge" check, in that it's returning higher yields than both your investment accounts (if you invested in the general US stock market as a whole) and your available savings accounts rates. It's certainly worse than an i-bond, but most everything is in this case, and those are capped at 10k. Crypto flunked with flying fucking colors. Turns out it's a shite inflation hedge despite that being a common refrain from those who peddled this snake oil bullshit.