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Bitcoin has blinded bankers and brokers because of its ability to generate substantial and unprecedented returns on investments in new emerging financial technology. It has been compared to several other financial assets, including technology stocks, and positioned itself as the digital version of gold.
However, returns generated by other financial instruments and asset classes, even in the technology sector, which had a "decade of incredible gains", are "nothing compared to Bitcoin".
In the past two years, BTC has easily beaten the S & P 500, gold and oil
Since December 2017, when Bitcoin became a common target for the general public, it dropped by 85%, while the price had reached its lowest level in December 2018 at around USD 3,100. The very first cryptocurrency has gained a negative reputation for those who invested at the height of the bubble and who were burned.
Related reading | An economist claims that BTC is the fastest and most powerful asset of all time
For many others, however, Bitcoin has been by far the most profitable of all investments. According to data from gold, oil and the S & P 500, according to the co-founder of Morgan Creek Digital, the principal cryptography by market capitalization largely exceeds the returns observed over the past two years, mainly due to lower prices in BTC price charts. Anthony "Pomp" Pompliano.
Returns two years:
S & P 500: 19.9%
Gold: 1.3%
Oil: 31%
Bitcoins: 457%Due to the asymmetrical and uncorrelated nature of Bitcoin, it is imperative that each portfolio include some exposure to digital currency. #GetOffZero
– Pomp (@APompliano) April 23, 2019
The Bitcoin bull tweeted, recommending that because of the "uncorrelated asymmetric nature of Bitcoin", all investment portfolios include some of the crypto created by Satoshi Nakamoto.
In comparison, Bitcoin has yielded investors 457% return over the past two years, while gold yielded only 1.3%, oil 31% and the S & P 500 19.9%. All this meanwhile, Bitcoin is mainly in a bear market.
Bitcoin's decade of domination has also triumphed over soaring technology courses
Technology stocks also saw a decade of strong growth, alongside Bitcoin. But as Blocktown Capital's shared visualization shows, Bitcoin has even surpassed the best-performing technology stocks in the past decade.
Inventories, especially in the technology sector, have had a decade of incredible gains
They pale in comparison to Bitcoin
Visual representation of Bitcoins compared to the best performing stocks in the last decade
Sorry Warren #bitcoin pic.twitter.com/MWuc7p2zWt
– Capitaltown (@BlocktownCap) April 22, 2019
It is interesting to see that Bitcoins have quickly outperformed technology stocks, but have seen a decline in bear markets, allowing them to catch up. But Bitcoin still beats them all, and most crypto believers still have a long way to go before they reach their full potential and value.
Related reading | Watched: BTC, ETH, XRP and the rest of the crypto fight for the Top Ten
Bitcoin investors often estimate that BTCs reach more than $ 100,000, up to millions of dollars, because of the scarcity of their supply and their potential to replace world money and money. However, as Bitcoin is not yet well established, it could very well result in a loss of value.
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