June 14, 2022, Bitcoin price was around $22,000 USD during a massive drawdown that went all the way to $15,500 USD on November 21, 2022.
At that time, when people once again went crazy claiming that Bitcoin was dead, Lyn Alden tweeted this self-explanatory annotated chart.
Today’s live price:
Note: Bitcoin growth has been exponential so it’s better visualized in a log scale.
Here is an article from Monochrome Australia that explains why.
Have some fun 🙂 and learn more about the death of Bitcoin at:
https://99bitcoins.com/bitcoin-obituaries/
Below is from casebitcoin.com (June 17, 2022)
Note: there are four aprox. -80% drawdowns in it !!!!!!!
Original tweet from Dan McArdle May 23, 2021
| Bitcoin | Gold | S&P500 | |
| 1 year | -45% | +4% | -12% |
| 2 years | +123% | +6% | +18% |
| 3 years | +128% | +37% | +26% |
| 4 years | +212% | +44% | +33% |
| 5 years | +716% | +48% | +51% |
| 6 years | +2,673% | +43% | +77% |
| 7 years | +8,489% | +74% | +74% |
| 8 years | +3,398% | +42% | +87% |
| 9 years | +19,912% | +40% | +129% |
| 10 years | +317,202% | +13% | +172% |
What is it: This shows bitcoin’s ROI vs other potential inflation hedge assets.
Why it matters: As with the historical bitcoin price table, we see bitcoin’s extreme outperformance vs other assets here as well. Bitcoin’s relatively small size, plus fundamental properties, yield extreme outperformance when even relatively small funds-flows find their way to BTC.
Visit casebitcoin.com/charts for updated charts.
The Compound Annual Growth Rate (CAGR) chart is very interesting as well!
