【Crypto World】Some investors have recently been pessimistic about Bitcoin again. His logic is very straightforward: Bitcoin is an asset that does not generate cash flow, so it’s useless. Compared to industrial silver mining companies, they can still extract resources, and by 2026, profits are expected to increase significantly. That’s what we call a productive asset.
He even did some calculations. Take MicroStrategy as an example, the company’s average cost for the Bitcoin it holds is about $75,000 each. Looking at it now, over five years, the book profit is only 16%, which translates to an annualized return of about 3%. Honestly, this return rate is hardly impressive compared to other asset classes. Stocks, bonds, real estate—any of these could easily outperform this number over the past five years.
This statement indeed struck a nerve with many coin holders.
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GateUser-9ad11037
· 12-30 16:47
Haha, this logic is really absurd. Using five years of data as a basis? Who in the crypto world doesn't count from ten years ago?
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notSatoshi1971
· 12-30 16:42
Does this guy not believe in BTC's growth over the past few years? 3% annualized? He probably has outdated data...
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StillBuyingTheDip
· 12-30 16:39
Ha, coming back with this again? Choosing the worst time to enter and then blaming BTC, isn't that right?
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MondayYoloFridayCry
· 12-30 16:28
Another one talking about five-year data, really not considering the 2020-2021 bull market...
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TradFiRefugee
· 12-30 16:27
When did MicroStrategy buy at an average cost of 75,000... Still holding now, why not check the current price?
Can Bitcoin really outperform other assets? Let's take a look at this set of data.
【Crypto World】Some investors have recently been pessimistic about Bitcoin again. His logic is very straightforward: Bitcoin is an asset that does not generate cash flow, so it’s useless. Compared to industrial silver mining companies, they can still extract resources, and by 2026, profits are expected to increase significantly. That’s what we call a productive asset.
He even did some calculations. Take MicroStrategy as an example, the company’s average cost for the Bitcoin it holds is about $75,000 each. Looking at it now, over five years, the book profit is only 16%, which translates to an annualized return of about 3%. Honestly, this return rate is hardly impressive compared to other asset classes. Stocks, bonds, real estate—any of these could easily outperform this number over the past five years.
This statement indeed struck a nerve with many coin holders.