Bitcoin was the best performing asset class in the past decade (2011-2021), returning over 200% annualised returns. The S&P 500, however, has only produced 12% annualised returns over the same decade. However, Bitcoin is part of a ‘bubble’ and one that is close to popping. Within the next decade, S&P 500 will exceed Bitcoin returns and this will prove that Fundamentals will always be the underlying force that pushes asset prices to intrinsic value.
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