The S&P 500's 12% average return just matches inflation, leaving millennials unable to afford homes despite investing. Only Nasdaq and Bitcoin have beaten monetary debasement, with Bitcoin delivering roughly 150% returns versus Nasdaq's underperformance. The speaker argues Bitcoin is the only asset worth owning.
Unless you're making 12% returns, you're not going anywhere. The S&P is about 12%, which is why all of the millennials who have 401s and they put it in the S&P still can't afford a house because they're just matching the debasement. They're not beating it, right? So they're not getting paid for locking up money for extended periods of time. And then you've got the bizarro world of Bitcoin, which is 150%. Okay, so now you've got two assets, only two assets in the world that outperform the debasement: tech stocks We get it. Tomorrow is more digital than today. Of course they're going to do well over time. And second is Bitcoin. So you divide one by the other and the Nasdaq's down 99.97% versus Bitcoin. And once you see it like that and you realize it's all driven by one cycle, which is one dominant factor of debasement, then it makes it really easy. Just own the one asset that outperforms.
