If bitcoin hits $7k by 2019 then the return over the next 6 months will beat most traditional investments

If you had $6,700 in an index fund in June and it was worth $7,000 by the end of the year then that's a pretty good return, even after adjusting for inflation. That's the benchmark.

To put it another way, assuming 7% compounding annual returns it would take about 15 years for $6,700 to grow into $18,500. If it takes a literal decade for bitcoin to recover from this crash, that's actually an amazingly good return.

Submitted June 19, 2018 at 10:26AM by Baron-of-bad-news https://ift.tt/2MA0GcS