The stock market keeps going up and up. Many of us who have any invested in the stock market feel happy about this and maybe also feel richer. But are we really richer? See the history of S&P500 over the last five years shown in Figure 1. The same history of S&P500 when plotted in Bitcoin is shown in Figure 2. To get the S&P500 in Bitcoin (or Satoshis where 100 Million Satoshis equals one Bitcoin), I believe the authors compute the market cap of all companies included in S&P500 in Bitcoin. So using a good currency like Bitcoin you can see that you are really not richer now unless you have Bitcoin in your portfolio.
Are you building your wealth over time?
Are you building your wealth over time?
Are you building your wealth over time?
The stock market keeps going up and up. Many of us who have any invested in the stock market feel happy about this and maybe also feel richer. But are we really richer? See the history of S&P500 over the last five years shown in Figure 1. The same history of S&P500 when plotted in Bitcoin is shown in Figure 2. To get the S&P500 in Bitcoin (or Satoshis where 100 Million Satoshis equals one Bitcoin), I believe the authors compute the market cap of all companies included in S&P500 in Bitcoin. So using a good currency like Bitcoin you can see that you are really not richer now unless you have Bitcoin in your portfolio.