November 8, 2022, FTX collapsed, and Bitcoin immediately lost 23% of its value within just two days. Four years later, the asset that had once been dragged down by the collapse has now posted gains far exceeding those of many traditional investment instruments. Data shared by Joe Burnett shows that Bitcoin has risen 309% since the closure on November 8, 2022. Over the same period, gold rose only 138%, the Nasdaq 132%, and the S&P 500 by 92%. When calculated as a compound annual growth rate (CAGR), Bitcoin has achieved approximately 42% per year—far outpacing gold at 24%, the Nasdaq at 23%, and the S&P 500 at 18%. Interestingly, this surge has not yet brought Bitcoin back to its all-time high; its price remains about 39% below that record. FTX is gone, but Bitcoin has more than tripled in value since the day of its collapse. Four years ago, FTX’s downfall led many to question the future of crypto. Today, its returns reveal just how far Bitcoin has come since then. #FTX #JoeBurnett #Gold
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