Everyone complaining about bitcoin’s “low” 4-year CAGR today (+12%) is repeating the exact mistake people made at the end of 2022. Back then, they compared $20k bitcoin in 2022 to $20k bitcoin in 2017 and said, “See? Five years later, and the price is the same.” They acted like the only valid measure of a 5-year CAGR was buying the exact top in 2017 and holding to the exact bottom in 2022, with no additional buys. Today’s 4-year CAGR complaints are just the same. Even now, bitcoin’s 4-year CAGR still beats the S&P 500, T-bills, and nearly every major asset class. Zoom out, lower your time preference, and keep stacking. 🟠