Anyone who bought crypto in late 2021 would've done better in a high-yield savings account
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Charts going around this morning: $10k in bitcoin from late 2021 is worth about $10.5k today with BTC around $67k. ETH went from roughly $4,800 to under $1,900, Solana from around $250 to the mid $70s. Meanwhile a boring HYSA paid 4-5% for a good chunk of that stretch. One camp says five years of holding through all that volatility for basically flat returns is the whole case against crypto. The other camp says you're measuring from the literal top, and anyone who DCA'd through 2022 is way up. Was it really a worse bet than cash?
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Comments (1)
measuring from the literal top is cherry picking. start the chart in 2020 and it's a totally different story