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Bitcoin Has Never Done This Before... And It Won't Start Now
Bitcoin has never been beaten by stocks over any four year holding period, even if you bought the exact top, and its roughly 42 percent compound annual growth rate beats Renaissance Technologies, the most successful hedge fund in history.
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What happened
Bitcoin has never been beaten by stocks over any four year holding period, even if you bought the exact top, and its roughly 42 percent compound annual growth rate beats Renaissance Technologies, the most successful hedge fund in history.
Confirmed
Global impact / market context
If Bitcoin truly never loses to stocks across every four year holding period, investors might treat it as a dependable long term store of value, pulling money away from stock funds and into crypto, which could raise Bitcoin prices and change how retirement and savings portfolios are built.
Analyst inference
October has historically been one of Bitcoin's strongest months, with only three losing Octobers on record and none of those being severe drops, so traders watching seasonal patterns may expect stronger prices this October and position themselves accordingly.
Analyst inference
What to watch
- October has historically been one of Bitcoin's strongest months, with only three red Octobers on record, and none of those were severe drawdowns, which means losses in those years stayed relatively small. Confirmed
- Traders could watch whether this October follows the historical pattern of strength, since a fourth red October would break the record and might weaken the seasonal case for holding Bitcoin. Proposed
- If Bitcoin's four year record against stocks holds, long term holders may keep buying during dips, which could support prices and reduce the depth of any drawdown during weaker months. Analyst inference
Affected assets
- BTC — Bitcoin
- LINK — Chainlink