RATE Group | Bitcoin Risk-Adjusted Returns Beat Gold, Stocks After Each Halving
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Bitcoin Risk-Adjusted Returns Beat Gold, Stocks After Each Halving

22 Jan Bitcoin Risk-Adjusted Returns Beat Gold, Stocks After Each Halving

Posted at 11:11h in Bitcoin News by

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Bitcoin (BTC) outperforms major assets such as gold, real estate and stocks if an investor holds it for just four years, popular data confirms.

Highlighting the success of Bitcoin as an investment tool on Jan. 22, veteran cryptographer Nick Szabo noted Bitcoin is so far unmatched compared to many other assets broadly considered profitable. 

Szabo: BTC hodlers “have low time preference”

Szabo linked to a chart from statistics resource Woobull, which placed Bitcoin against United States stocks and real estate, as well as gold, bonds and emerging currencies since 2012.

Using the Sharpe ratio to calculate risk-adjusted returns, Woobull creator Willy Woo gave Bitcoin a score for every four-year “hodl” period from 2013 onwards — four years after Bitcoin’s emergence.

That timespan reflects gaps between Bitcoin block reward halvings when the supply available to miners of each block of transactions reduces by 50%.

The result is Bitcoin reigns supreme over other investments, only…

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