The much-maligned shoes outdid the cryptocurrency in a year-long review
New York Times reporter Jack Nicas recently took to social media to share some very important information. The Silicon Valley specialist posted a graph to his Twitter showing the price change of bitcoin and Crocs stock over the last year and, in terms of long-term investment, Crocs buyers come out on top.
Though bitcoin peaks way higher than Crocs stock over the course of the year, adding over 300% to its original price, the steady incline of the latter – compared with the wavering downturn of bitcoin since early this year – means that it’s now more valuable as a year-long investment. We always knew Crocs could do it (didn’t we?).
Nicas goes on, in a follow-up tweet, to call Crocs “the plastic cobbler who could”, celebrating their doubling in stock value over the year.
While Crocs have always been pretty popular among little kids and middle-aged gardeners (even those weird high-heeled ones) some of their stock market success may be seen to stem from the ringing fashion industry endorsements they gained throughout 2017. We’ve seen both crystal-studded iterations on the catwalk from Christopher Kane and those famous platform versions from Balenciaga.
Does this news mean there’s going to be men droning on at parties about their exploits in investing in Crocs stock?