Bitcoin hits $28k as uncertainty surrounds banks

Re:Bitcoin hits $28k as uncertainty surrounds banks by lowkey on Sunday March 19, 2023 @11:34PM (#35226945)

Yes, Bitcoin is volatile but on a risk adjusted basis it is still the best performing asset in the world over the past decade. This excludes the stratospheric rise over its first four years of existence.

For the past 10 years, it has grown in value at an average rate of 200% per year.

In portfolio theory there is a measure of risk adjusted return known as the Sharpe Ratio. Over the past ten years the best performing portfolio based on Sharpe Ratio would have been 97-99% US Treasuries and 1-3% Bitcoin.

You don’t have to store 100% of your savings in Bitcoin, but having a little in your portfolio might be an idea worth considering.

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Re:Bitcoin hits $28k as uncertainty surrounds banks by thricegreat on Monday March 20, 2023 @07:26AM (#35230009)

Very few understand this, at their own peril. I would like to add that it is now the second best performing behind Ethereum. It's unwise to ignore it.

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