Crypto entrepreneur and investor James Todaro says five Bitcoin charts show the leading cryptocurrency is past of the point of being just another Beanie Babies bubble.
Todaro, CEO of MedX, a blockchain powered global healthcare market and managing partner at Blocktown Capital, an investment fund for blockchain-focused ventures, outlines how Bitcoin’s 10-year run has outpaced the Tulip Mania narrative.
According to Todaro, “five insanely bullish charts” show how Bitcoin has exploded onto the global scene, despite an erratic run that caught many investors in its cross hairs.
1/ Bitcoin looks nothing like the Tulip Mania or South Sea Company bubbles, which only lasted an illiquid and brief 3 years.
Bitcoin has been growing for 10 years with billions of dollars traded daily. pic.twitter.com/paEOt4fJcu
— James Todaro (@JamesTodaroMD) September 20, 2019
In the second chart, Todaro shows an analysis of Bitcoin’s dollar-cost average.
“If you dollar cost averaged into bitcoin weekly, every year would result in positive returns at today’s prices, including 2018 and 2019.”
The third chart shows how well Bitcoin stacks up against big tech stocks such as Google and finance powerhouse Berkshire Hathaway which has a vast portfolio of big brands such as GEICO, Duracell, Fruit of the Loom, Wells Fargo, Coca-Cola, Bank of America and Apple.
3/ Bitcoin dominates the best performing tech stocks in returns over the past decade, even when giving tech companies a 4 year head start. 🔥🔥🔥
Berkshire Hathaway added for fun. pic.twitter.com/eR314kPcFM
— James Todaro (@JamesTodaroMD) September 20,