{"id":14017,"date":"2021-03-01T12:07:32","date_gmt":"2021-03-01T16:07:32","guid":{"rendered":"https:\/\/www.duck9.com\/?p=14017"},"modified":"2021-03-01T13:01:17","modified_gmt":"2021-03-01T17:01:17","slug":"michael-saylor-on-gold-being-unable-to-communicate-to-other-gold-cha7","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/michael-saylor-on-gold-being-unable-to-communicate-to-other-gold-cha7\/","title":{"rendered":"Michael Saylor on Gold Being Unable To Communicate To Other Gold #cha7"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
The network effect. <\/div>\n
Bob Metcalfe\u00e2\u20ac\u2122s Law. <\/div>\n
Gold can\u00e2\u20ac\u2122t text message gold<\/p>\n
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Michael Saylor<\/a><\/b><\/td>\n<\/tr>\n
\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@michael_saylor\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
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#Bitcoin<\/a> has outperformed #Gold<\/a> by 100x over the past decade. The next decade will witness the complete digital transformation of gold to bitcoin, and the demonetization of the precious metals asset class.<\/td>\n<\/tr>\n
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Bitcoin’s 10-year Compound Annual Growth Rate (CAGR) is unmatched in financial history. 1\/ pic.twitter.com\/y6Fp9o2v5F<\/a><\/td>\n<\/tr>\n
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2\/ CAGR takes an asset’s ROI between two dates, and works out the average compounded annual return. <\/p>\n<\/td>\nFor bitcoin over the past decade, this works out to 196.72%<\/p>\n<\/td>\n<\/tr>\n
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3\/ This is an unheard-of number. This means that bitcoin has returned almost 200% (so nearly tripled your money), every single year for 10 years, *compounded*.<\/p>\n<\/td>\nIn raw ROI terms, that works out to 5.2 *million* % return over the decade.<\/p>\n<\/td>\n<\/tr>\n
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4\/ For comparison, TSLA’s CAGR is “off the charts” by normal standards at 63.8%, but is dwarfed by bitcoin. The best performing funds in history, over their best 10yrs, are high teens or low 20s % CAGR.<\/td>\n<\/tr>\n
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5\/ Ok, but bitcoin was tiny 10yrs ago, and maybe 10yrs happens to be a cherry-picked timeframe…<\/p>\n<\/td>\nNope. Bitcoin’s CAGR dwarfs other benchmarks over ANY multi-year period in the past decade: pic.twitter.com\/nsWNGyUO74<\/a><\/p>\n<\/td>\n<\/tr>\n
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By Larry Chiang The network effect.  Bob Metcalfe\u00e2\u20ac\u2122s Law.  Gold can\u00e2\u20ac\u2122t text message gold     Michael Saylor \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@michael_saylor\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 #Bitcoin has outperformed #Gold by 100x over the past decade. The next decade will witness the complete digital transformation of gold to bitcoin, and the demonetization of the precious metals asset class.   3\/1\/21, 9:45 AM […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-14017","post","type-post","status-publish","format-standard","hentry","category-the-bitcoin-wave"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/14017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=14017"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/14017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=14017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=14017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=14017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}