Grayscale: Bitcoin would post 11% loss over 3 years without its 15 best days
- —BTC returned about 225% over 3 years to Sept. 23; Nasdaq 100 returned 109%
- —Excluding the 5 best days, BTC's return drops to 95%; excluding 10, to 27%
- —Excluding the 15 best days, BTC turns to an 11% loss; Nasdaq 100 falls to 21%
- —The 15 best days account for less than 2% of trading days in the period
Why it matters: The report highlights that bitcoin's gains are concentrated in a handful of days, so investors trying to time the market risk missing most of the upside.
Source: CoinPost