Oddbean

Time preference and financial advice If you had invested $10 a week from 1990 in Microsoft stock through 2023, you would now have a total of $1,057,433.64. This amounts to a return of 10,574.34%. I don't put it since 1986 which is when Microsoft went public because of not generating too much upside, just as few invested in Bitocin in 2012-2013. Microsoft's market capitalization 14 years after going public was $604 billion USD. Microsoft's current market cap is $2.793 trillion USD. Bitcoin's market capitalization today (14 years) is $833 billion USD. Two things I have shown you, Bitcoin follows a very similar pattern to tech stocks, it even behaves better, forget about those exorbitant prices that twitter "analysts" show you. The second thing is much more important, plan for the long term, big fortunes plan for the long term, you have seen what you can do with ten measly dollars a week for 30 years. Bitcoin has many more advantages than tech stocks. - unconfiscable - uncensorable - unforgeable