19 Aug Stock in Crocs is apparently a better investment than bitcoin
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New York Times reporter Jack Nicas recently took to social media to share some very important information. The Silicon Valley specialist posted a graph to his Twitter showing the price change of bitcoin and Crocs stock over the last year and, in terms of long-term investment, Crocs buyers come out on top.
Though bitcoin peaks way higher than Crocs stock over the course of the year, adding over 300% to its original price, the steady incline of the latter – compared with the wavering downturn of bitcoin since early this year – means that it’s now more valuable as a year-long investment. We always knew Crocs could do it (didn’t we?).
Nicas goes on, in a follow-up tweet, to call Crocs “the plastic cobbler who could”, celebrating their doubling in stock value over the year.
While Crocs have always been pretty popular among little kids and middle-aged gardeners (even those weird high-heeled ones) some of their stock market success may be seen to stem from the ringing…
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