Dr. Jeff on Nostr: What I'm watching... š Mainstream financial media is cheering the strong ...
What I'm watching... š
Mainstream financial media is cheering the strong performance of the S&P 500 over the past year, which has been approximately 26% in US dollar terms.
Unfortunately (for fiat brains), in real (#bitcoin) terms, the S&P 500 index actually has had a rough trailing 12 months, and is down approximately -45%.
Lesson:
Choose your denominator--your measuring stick--carefully. Or you will lead a frustrating and stressful life.
Mainstream financial media is cheering the strong performance of the S&P 500 over the past year, which has been approximately 26% in US dollar terms.
Unfortunately (for fiat brains), in real (#bitcoin) terms, the S&P 500 index actually has had a rough trailing 12 months, and is down approximately -45%.
Lesson:
Choose your denominator--your measuring stick--carefully. Or you will lead a frustrating and stressful life.