Apparently Crocs are a better investment than Bitcoin
Image via Getty Images
Words by Tara Smith
What a Croc.
Crocs are the shoes that refuse to die.
Apparently, buying stocks in Crocs is a better investment than Bitcoin, which is a sentence I didn’t expect to write in 2018.
New York Times reporter Jack Nicas recently posted a graph to Twitter, outlining the performance of stocks in Crocs and Bitcoin over the last year.
Despite higher peaks from Bitcoin (increasing over 300% from its original price), Crocs came out on top in the long-term.
Bitcoin vs. Crocs over the past year. Black line is $CROX; blue is $BTC. Y axis is price change since Aug. 16.
Indeed, buying stock in Crocs was a better investment than bitcoin. h/t to a friend who doesn’t have Twitter. pic.twitter.com/y0H9vlAfNO
— Jack Nicas (@jacknicas) 17 August 2018
However, Crocs’ success in the share market probably has little to do with the shoe itself, and a lot to do with its recent designer collaborations (Balenciaga, Christopher Kane).
There’s still hope for the world yet.
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