Post
Topic
Board Economics
Re: Bitcoin is the fastest asset to hit 1 trillion marketcap
by
Smartvirus
on 03/06/2021, 04:51:04 UTC
This is one of the reasons why bitcoin is hated by a few of the billionaired out there and have earned it a lot of hate speech. As its said that bitcoin doesn't follow any form of arithmetic progression and its not a sustainable investment. I hate to questionnaire the ideas and expertise of these guys but, it gives me a reason to think that, they see bitcoin more as a competition more than a fair means of exchange for which it is.
I think a more fair way to compare assets is if we use the average yearly rate of growth of each asset, if bitcoin still comes up as the first place in that kind of graphic then this will be a better way to measure the exceptional growth of bitcoin over other assets.
Your right on this. Becuase, looking at it from its origin when the challenges were really tough won't tell the whole story. Information channels of the 90's and today are relatively distinct and we all know how information plays a vital role in the growth of a business or investment plan. A yearly comparison brings the whole to a level field.