Prediction evidence

sm

Sminston With 👁

@sminston_with

Comparing gold, Bitcoin and the S&P500, which has the record for the longest stretch underwater (price sitting below its all-time high)?🤔 - - - This kind of blew my mind. If you take a look at depth and breadth of drawdowns for each, Bitcoin obviously takes the prize for depth 🟠 But, it ranks 2nd in terms of time spent underwater - a record of 1,175 days (~3.2 years), compared to 🔵 S&P's 744 days (~2 years), and 🟡 gold's 3,256 days (~8.9 years) Gold fell less than HALF as far as Bitcoin, and took almost 3x longer to recover from it. I'll take the violent drawdown that ends over the shallow one that just sits there, especially as Bitcoin's path seems to be fairly predictable.