Bitcoin has delivered profits of almost 9 million percent, beaten gold
According to data from Blockchain, since 2010, BTC has brought in profits of up to 9 million percent. With this “huge” profit, Bitcoin beat gold in this decade.
Bitcoin has been 89% profitable throughout its lifetime
If you invested $ 1 in Bitcoin in the previous ten years, you would receive about $ 90,000 on December 18. For comparison, $1 gold is currently worth $ 1.34.
Bitcoin average market price 2009 – 2019 | Source: Blockchain
Agreeing with this view, Barry Silbert, CEO of Digital Currency Group, has implemented the famous hashtag on Twitter, #dropgold. This post of him received more than 1,600 retweets.
Returns this decade:
— Barry Silbert (@barrysilbert) December 18, 2019
The statistics emphasize that BTC is the most effective investment to date. Since 2009, Bitcoin has only been unprofitable to buy on 434 days – at price peaks. These records are equivalent to a profit of 89.16%, allowing BTC to pay for gold’s record despite recent advances in precious metals in the US dollar.
Every year, BTC’s profits are also impressive. At the current price of about $ 7,150, BTC investors have earned 85% profit compared to December 2018. With 2017 being an exception, Bitcoin has remained green every year since the beginning.
Bitcoin profits over different time frames | Source: Coin Dance
The hodl trend in BTC is still growing
As AZCoin News reported, BTC hodlers are following the hodling trend in 2019. Although this year, BTC has had the most significant price increase from as low as $ 3,100 to nearly $ 14,000.
This phenomenon supports the perception of BTC as an investment tool, suitable for those who save with low time preferences who want to preserve wealth in the long run.
As Saifedean Ammous summarized in his famous book, “The Bitcoin Standard,” that feature will continue to make BTC directly against accessible forms of money, including fiat.
During the New Year period, the US Federal Reserve will raise an additional $ 425 billion in fiat value for the economy – more than three times the market capitalization of BTC, which is money generated from thin air.
Bitcoin price today | Source: CoinMarrketCap
Disclaimer: This is not trading advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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