Gold has been a disastrous investment since 2020.
It has lost 84% of its purchasing power compared to a finite sound money asset like Bitcoin.
Bitcoin is the hurdle rate.
If you can't beat it, you have to buy it.
(Chart: @philrosenn)
It is hilarious to see the gold bugs upset in the replies.
They feel like I am picking on them, but I've been doing the same analysis of other assets too.
Since 2020, the S&P 500 is down 88% & gold is down 84% priced in bitcoin. Not much difference 🤷🏽‍♂️
This is the defining chart for this entire conversation.
I am not a gold hater. I see the value in why people hold gold. But it doesn't change the overwhelming data that shows gold has drastically underperformed bitcoin over time.
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