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CNN: Bitcoin Best Investment of Decade

  • A CNN study finds that Bitcoin is by far the most profitable asset class of the 2010s

With a new decade starting within a few weeks, mainstream American news network CNN looked back at the performance of investments over the past decade, and found that Bitcoin is the by far the most profitable asset class of the 2010s. USD 1 invested into Bitcoin at the beginning of the decade would be USD 90,000 today, meaning an investment of just USD 11.12 would have become USD 1 million.

Other asset classes pale in comparison to Bitcoin. The stock market was in a bull market the entire decade, yet USD 1 invested into American stocks only grew into USD 3.46. This is considered an impressive gain for the stock market, but is pretty much nothing relative to Bitcoin.

USD 1 invested into bonds would have turned into USD 2.08. Despite that, bonds remain favored as a safe haven asset versus Bitcoin. Likewise, gold is often touted as a major Bitcoin competitor, but USD 1 invested into gold would have only turned into USD 1.34.

Some major asset classes even lost value, with USD 1 of oil becoming USD 0.74.

Now the question is will Bitcoin continue to be the top-performing asset class in the 2020s?

 

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Bitcoin Up 72 Million Percent In Less Than A Decade

A new calculator from OnChainFX calculates the return on investment (ROI) on Bitcoin for any time since August 2011. Almost exactly 8 years ago Bitcoin was in the depths of a bear market, with the price declining 94% from USD 31.91 to USD 1.91, but since then Bitcoin is up an astonishing 377,000%.

The numbers become even more spectacular when looking back to the early days of Mt. Gox when Bitcoin briefly declined to as low as USD 0.01. The current Bitcoin price is near USD 7,200, and therefore Bitcoin is up 72 million percent in just over 9 years. This makes Bitcoin by far the most profitable asset class of the last decade.

Other impressive ROI stats are that Bitcoin is up nearly 10,000% since the brief bear market of April 2013, and it is up 3,600% since the bear market low of USD 200 in January 2015.

There have even been major gains for Bitcoin in the past year, with the cryptocurrency rising 125% from the bear market low near USD 3,200 reached in the middle of December 2018.

Therefore, although there may be some market pessimism currently associated with Bitcoin declining from USD 13,800 to USD 7,200 since June, Bitcoin remains the most profitable asset class of the past decade. If history is any indication, the current bearishness on the crypto market will probably be followed by another significant rally at some point in the future.

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

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Image Courtesy: Pixabay

The post Bitcoin Up 72 Million Percent In Less Than A Decade appeared first on BitcoinNews.com.