TQQQ as a long term investment?

Should we all be holding TQQQ until retirement? Historically, it has 100x'ed every ~10 years or so, so in theory if you buy $50K worth at age 20, by the time you retire (60) you'll have somewhere in the range of $5bn (probably closer to $3bn after capital gains taxes), putting you firmly in upper-middle class or lower upper class after accounting for 40 years of inflation.

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