I agree - why are Thiel and Saylor so upset by Buffett & Munger? They should just ignore them.
But you made a very poor performance comparison. You are measuring the S&P 500 return from 2019 to today, which is 62%. Yet you measure bitcoin's performance from Microstrategy's average purchase price of USD 30.7k which bitcoin only reached in…
I agree - why are Thiel and Saylor so upset by Buffett & Munger? They should just ignore them.
But you made a very poor performance comparison. You are measuring the S&P 500 return from 2019 to today, which is 62%. Yet you measure bitcoin's performance from Microstrategy's average purchase price of USD 30.7k which bitcoin only reached in January 2021. You need to use the same starting point for both, i.e. either mid-2019 or Jan. 2021. Since mid-2019 the S&P 500 index returned 62% while bitcoin returned 300% from the same starting date. And since 1 Jan 2021 the S&P 500 index returned 20% while bitcoin returned 42%. Either way, Saylor is way ahead of the S&P 500 index.
I agree - why are Thiel and Saylor so upset by Buffett & Munger? They should just ignore them.
But you made a very poor performance comparison. You are measuring the S&P 500 return from 2019 to today, which is 62%. Yet you measure bitcoin's performance from Microstrategy's average purchase price of USD 30.7k which bitcoin only reached in January 2021. You need to use the same starting point for both, i.e. either mid-2019 or Jan. 2021. Since mid-2019 the S&P 500 index returned 62% while bitcoin returned 300% from the same starting date. And since 1 Jan 2021 the S&P 500 index returned 20% while bitcoin returned 42%. Either way, Saylor is way ahead of the S&P 500 index.