Listen now (4 mins) | To investors, Financial markets have been on a tear for the last 12 months. Everything in your portfolio appears to be going up at an exciting rate. If I were to ask each of you the performance of your portfolio, you would quote me a percentage increase on a nominal basis. If I then asked you for the real rate of return, you would take the nominal number and subtract 6%+ inflation to get the real rate.
while supply of USD is manipulated, its important to recognize that price of BTC is also manipulated. And when considering a marketcap of only $1.1T, it is far more susceptible. Other than that little bit of intellectual honesty, I agree with everything you said. It's like a weird transition. I've actually been trying to retrain myself to think in BTC demonimation.
Your Portfolio Gains Aren't What You Think They Are
Isn't the value of BTC itself quoted in USD terms ? :P
while supply of USD is manipulated, its important to recognize that price of BTC is also manipulated. And when considering a marketcap of only $1.1T, it is far more susceptible. Other than that little bit of intellectual honesty, I agree with everything you said. It's like a weird transition. I've actually been trying to retrain myself to think in BTC demonimation.
Bitcoin denominated in GME has depreciated 90% in the last year.
Legend! #Few…