#5 - Crypto Growth Benchmarked: historical comparison against oil, gold, and stocks
Nov 30, 2021•37 min•Season 1Ep. 6
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Episode description
Pundits on TV and cryptocurrency maximalists across the world regularly tout Bitcoin and crypto as "the fastest growing financial product in history." But is that actually true?
We benchmark oil, gold, stocks, and crypto to GDP and look at how they changed throughout history. From the 1901 oil strike in Texas to the gold rush of 1849, we look at both the sizes relative to GDP and the year-over-year change as a percentage of GDP.
Heads up - crypto's in a league of its own.
Check out this week's letter for the full story. Follow @FatTailThoughts on Twitter and your co-hosts @KleeBeard and @StevenDickens3 for more content.
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