Hold up, is Bitcoin more recession proof than Meta (FB)?
For those of you that have them, do you remember a moment when your younger sibling(s) started to all of a sudden outperform you?
Maybe they started running faster than you, beating you at your favorite video game, or simply outgrew you?
If Meta (formerly Facebook) and Bitcoin were siblings, Bitcoin's growth spurt would be coming into view right about now.
Over the past year or so, Meta and Bitcoin have both dropped ~77% since their previous all-time-highs.
The difference is, that fall took Meta back to its 2015 prices, whereas it took Bitcoin back to its 2018 prices, making BTC the more resilient of the two.
But what does that actually mean?
Let's make it real, by running the numbers...
If you had have invested ~$1000 into both Meta and Bitcoin, in September of 2015, here's how those investments would look right about now:
Meta = ~$1,315 (a 30% return over seven years)
Bitcoin = ~$71,000 (or, a 7000% return over the same time period)
WILD, right?
While Meta and Bitcoin have fallen almost exactly the same amount from their all-time-highs, Bitcoin's value retention leaves Meta in the dust.