by Chris Becker
On a nominal basis alone, Bitcoin has been the worst investment in USD form for the calendar year, as this chart from Quartz shows:
Here’s the crypto currencies decline in chart form for the last couple of years and to provide context:
Of course the worst real currency (philosophical debate aside on what is real money or no) has been the Russian Ruble, which has rallied after the huge spike in interest rates by the RCB last night.
The real question is what current investment in USD will be the worst next year? Shale gas junk bonds? Venezualen Bolivar? Or Yen?
Or Australian property in fixed Yuan?
Investing is less about finding winners and more about cutting losses – i.e risk management. The advantage individual investors have over governments and central authorities is their ability to be nimble and stop backing the dead horse.