Bitcoin's price volatility and historical losses (e.g., people losing access to passwords) make the 'bought 15 years ago' returns chart misleading because the actual experience of individual holders includes catastrophic losses that aggregate returns obscure.
causalpending
Speaker
Barry RolzEvidence Quote
“explain to me the guy who lost $100 million because he can't find his password so the all the numbers are always misleading”
Source
Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It— Excess ReturnsCreated: 8/11/2026, 6:36:26 AM
My Notes
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