Hacker News Reader

Bitcoin was in the thousands for most of 2017, that as a booster to a tech heavy portfolio would have done extremely well.

View on HN

That’s true… BTC returned 100% per year since 2017 (thanks to ChatGPT for the math).

But I would presume a regular Joe didn’t YOLO $100k into that, either.

I guess my original point was: there is no realistic way a retail investor walked away from a $100k investment a multimillionaire after 8 years unless they took an enormous, absurd punt.

If you invested $100K in Microsoft (one of the safest and most valuable and boring company in the world at the time) in 2017 and held, you’d not be a multimillionaire, but you’d be a millionaire. People really underestimate how crazy the asset bubble has been over the last decade.

USD 100k is an absurd amount for most people to invest all at once in anything whatsoever, not to mention the risk level involved. USD 10k is a lot but more reasonable. And that nets way less than USD 100k in this situation, which isn't life changing.

Reply on news.ycombinator.com