For the past 30 years the SP500 has become the benchmark for every retail investor and the "de facto" product to beat inflation and preserver purchase power (replacing gold in the fiat era).
When we price bitcoin relative to SP500 we can see how expensive or cheap bitcoin is against it.
SP500 CARG is around 8%, yet bitcoin obliterates SP500 consistently since its inception.
Why would someone invest in the SP500 instead of bitcoin? It is a suboptimal decision.
Following previous cycles, bitcoin maximum this cycle should be around 50 times de SP500, which would give us around $300K target.
This is consistent when pricing bitcoin in gold or nasdaq terms.
When we price bitcoin relative to SP500 we can see how expensive or cheap bitcoin is against it.
SP500 CARG is around 8%, yet bitcoin obliterates SP500 consistently since its inception.
Why would someone invest in the SP500 instead of bitcoin? It is a suboptimal decision.
Following previous cycles, bitcoin maximum this cycle should be around 50 times de SP500, which would give us around $300K target.
This is consistent when pricing bitcoin in gold or nasdaq terms.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.