“If I put $100 in Bitcoin in 2010 I’d have $2.8B now.”
No.
If you bought $100 of Bitcoin in 2010 and watched it go to:
$1k → $100k → $1.7M
and did nothing
Then watched $1.7M go to $170k
and still did nothing
Then watched $170k go to $110M
and still did nothing
Then watched $110M wither to $18M
and still did nothing
Then watched $18M surge to $390M
and still did nothing
Then watched $390M deteriorate to $85M
Then watched $85M climb to $1.6B
and still did nothing
Then watched $1.6B shrink to $390M
and still did nothing
Then watched $390M surge to $2.8B
and then for some reason finally decided to do something…
Then yes, $100 in 2010 would be worth $2.8B today.
Today the last penny EVER will be minted.
- U.S. Mint produced 3.2 billion pennies in FY2024
-One penny costs 3.7 cents to mint
-U.S. Mint lost $85.3 billion in FY 2024
Fiat is going out of fashion
https://t.co/y3W2yAxjzh