Total Returns over the last 10 Years...
Bitcoin $BTC: +994,608%
Tesla $TSLA: +15,200%
NVIDIA $NVDA: +6,053%
Netflix $NFLX: +2,337%
Amazon $AMZN: +1,427%
Microsoft $MSFT: +1,280%
Apple $AAPL: +1,112%
Google $GOOGL: +937%
S&P 500 $SPY: +344%
Bonds $AGG: +35%
Gold $GLD: -6%
Next 10?
Although I focus on averages (green lines), and have no model for when or how high the top is, I expect the top to be in the yellow area:
- relatively later than 2013 & 2017 tops ("lengthening cycle"?)
- above 2017 top (no "diminishing returns"?)
So this cycle will be different.
$BTC supply held by Long-Term Holders continues to break ATHs on a daily basis.
Long-Term Holders have accumulated an additional 1,857,733 BTC since price was first at 46k in February.