36 sats \ 2 replies \ @jeff 7 Mar \ on: No, bitcoin didn't really hit an all-time high. Here's why econ
The author's point is that if you bought the top, with USD, you would be down in real terms.
And, if you bought the S&P at the same time, you would be down less, in real terms.
šāļø
But ignores the fact that if you bought neither, and held USD, you'd be "down" the same. But had no upside potential.
š¤”š
It's fair to point out that we haven't hit ATH for purchasing power yet, but it's a sloppy way to do it.
reply
Yup and not even the halving yet. This will be a moot point shortly!
reply