from Pomp 🌪 | by Pomp 🌪

I have said for years that I believe "Long Bitcoin, Short the Bankers" will be the trade of our generation. Let's check in on the progress over the last 5 years 🧵 t.co/i3dyoX11B2

Bitcoin is up 140% in the last 5 years. t.co/DMBw4tcG9o

Wells Fargo is down 26% in the last 5 years. t.co/bc1WKHF9R5

Bank of America is down 6% in the last 5 years. t.co/nG6SuzWmBM

JP Morgan Chase is up 15% in the last 5 years. t.co/YqS0HbqlXz

Citigroup is down 34% over the last 5 years. t.co/VHaJnLYNBF

US Bancorp is down 23% over the last 5 years. t.co/lKCsSCpNFW

PNC is down 14% over the last 5 years. t.co/EyyhNtosLv

Past performance does not indicate future performance. Not financial advice & things can change. But it appears that we are in a secular transition from legacy finance to a new digital financial world. These transitions take decades to play out, but appears still on track.