Riot went from $10 In August of last year to $3 in December. Bitcoin to go this low would have to reach $3000.
Why add additional risk to your investment when you can clearly see these stocks don't even follow bitcoin's highs, but crash much harder every time bitcoin does?
That's not how it works.
You choose a peak point for one of them and then ignored the bitcoin price on the same dates.
Even by going by your scenario, August to date, you have
- riot from $10 to 6.5
- bitcoin at same price 24k
So no 3x difference, just a 33% loss on riot.
But if we choose other dates, for example, yoy
- you have riot at $15 down to $6.5
- you have bitcoin down from 41k to 24k
so a 35% loss for riot versus a 41% on
BTCNow let's go 3 years
- riot at $1.1 now 6.5
- bitcoin at $9k, not at 24k
With riot you have a 6x, with
BTC you have nearly 3x.
Plus at no point in the last 3 years, you would have been able to take home a 100x revenue with
BTC , you could have done that with Riot shares.