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campionesidd t1_j2z47g3 wrote

Reply to comment by johnnyhammer in 2022 Asset Return [OC] by rosetechnology

How many people invested in BTC ten years ago? Very very few. BTC’s price is dependent entirely on how much money is invested in it. This is unlike the S&P500 for example where fundamentals like earnings, cash flow, growth etc matter.

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johnnyhammer t1_j2z4ww3 wrote

Then why are you comparing the two?

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campionesidd t1_j2zfmt3 wrote

Because BTC is far worse as an investment. In fact it isn’t even an investment imo, but pure speculation.

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