Oddbean new post about login | logout Bitcoin first reached 58,000 on 2/21/2021. 3 years and 7 months ago. If you bought bitcoin on this date and hodled, Bitcoin has not been an inflation hedge. 3 years, 7 months is 22.5% of bitcoin’s existence. Good Morning.
That's why you DCA
good morning, now do the dollar.
The above represents a BTC/USD pair. 3 years, 7 months ago, 1 bitcoin was valued at 58,000 USD. Holding dollars over this time period would have been break even but not subjected the HODLers to massive volatility. *still bullish, still think Bitcoin is the best money and SOV.
Global liquidity is largely unchanged since then. Seems like it's hedging good.
Cost of living has increased drastically since 2021.
Due to printing done before 2021. Capital / Commodity markets will always front run cost of living.