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Bitcoin (BTC) not only made history as the world’s first and largest digital currency today, but as the most innovative financial innovation of the 21st century. From the overview of his price growth With increasing adoption by retail and institutional investors, Bitcoin has helped usher in an era of digital currency that ushered in decentralized finance and other monetary innovations.
Bitcoin vs. Core Investment Asset: A Look at Growth Over a Long Decade
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While Bitcoin was designed by Satoshi Nakamoto as a digital currency, its inherent value-increasing nature has given it a whole new use case as an investment asset. This means that people are now buying Bitcoin to store value, as well as to preserve wealth in the face of pervasive inflationary threats.
According to a recent update shared by Charlie Bilello, the founder and CEO of Compound Capital Advisors, who compared Bitcoin’s 10-year growth rate with other Wall Street assets. According to its update, Bitcoin has shown growth of over 994,608% against the next highest ranking stock, Tesla (TSLA), an electric motor maker with a 15,200% increase.
Total returns over the past 10 years …
Bitcoin $ BTC: +994.608%
You’re here $ TSLA: + 15,200%
NVIDIA $ NVDA: + 6.053%
Netflix $ NFLX: + 2.337%
Amazon $ AMZN: + 1.427%
Microsoft $ MSFT: + 1.280%
Apple AAPL: + 1.112%
Google GOOGL: + 937%
S&P 500 $ SPY: + 344%
Obligations $ AGG: + 35%
Gold $ GLD: -6%
Next 10?– Charlie Bilello (@charliebilello) September 19, 2021
Bitcoin’s outperformance, as seen above, has seen a significant decline with the world’s largest asset in terms of market cap, with gold recording regressive growth of 16% over the 10-year period.
In terms of price projections, Bitcoin grew by $ 115 in 2013, reaching $ 47,582.29 today. Cryptocurrency checked in an all-time high (ATH) of $ 64,863.10 in April of this year.
Expectations for the coming decade
Bitcoin, to the amazement of Satoshi and early adopters, has been a huge success. Despite its impressive outlook, many people are still skeptical of what the future holds for the coin.
Two sets of schools of thought exist when the debate over what the future holds for Bitcoin arises. The first revolves around the fact that the coin has continued to see impressive adoption, even by many companies. including Paypal as well as by sovereign nations, as we saw when El Salvador adopted digital currency as legal tender since September 7.
The other school of thought centers on suppressing the growth of digital currency through regulations and increasing competition in the blockchain ecosystem as a whole. While the former thinks that a lot of Bitcoin breakthrough With the price of $ 500,000 over the medium to long term, a growing number of skeptics believe that the coin’s price may follow a bearish path, supported by its extreme volatility.
Disclaimer
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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