Re: How many times we will make the same mistake? - History repeats Again & Again!
We see there is a difference in maturity here too, what makes Bitcoin gain higher is because of the age factor. Bitcoin is the newest while Gold and Property have been investment media for many people for a long time. Just think about the next 10 years.
If gold is able to provide 2x profits and property is able to provide 15x profits or at worst maybe 10x, can bitcoin get 350x again?
While currently the price of BTC is 62k, if that 350x could happen again, do you believe the price of BTC will be $21.7m per BTC in 10 years?
A multiplier of that size only came because Bitcoin was still in its infancy 10 years ago. Meanwhile, the other instruments you mentioned are not babies anymore.
If gold is able to provide 2x profits and property is able to provide 15x profits or at worst maybe 10x, can bitcoin get 350x again?
While currently the price of BTC is 62k, if that 350x could happen again, do you believe the price of BTC will be $21.7m per BTC in 10 years?
A multiplier of that size only came because Bitcoin was still in its infancy 10 years ago. Meanwhile, the other instruments you mentioned are not babies anymore.