28.5 C
New York
Saturday, July 24, 2021

Bitcoin has become the most profitable asset of the last decade

The profitability of bitcoin over the past ten years has exceeded that of any other asset class by at least 11 times.

According to Compound Capital Advisors, BTC has an average annual return of 230% and a total of about 20 million percent. The record year was 2013, when the cryptocurrency grew by 5507%, and 2014 and 2018 were unprofitable, with a fall in the rate by 58% and 73%, respectively. Since January 1, the price of bitcoin has increased by more than 100%, reaching on Sunday a record $ 61.6 thousand.

The second place in the ranking of profitability of popular assets is taken by the NASDAQ-100 index with an indicator of 20%. The company’s CEO said that over this period, BTC has returned at least 17 times that of any American stock.

Bitcoin course with new record: USD 100,000 in May?

Over the past decade, the price of gold has increased by an average of 1.5% per year, and over this period, following the results of five years, it was a loss-making asset. Since the beginning of this year, the price of the precious metal has fallen by 8.5%, which prompts investors to look for alternative options for preserving the cost of capital.

According to a recent research JPMorgan Chase, one in five institutional investors plans to purchase cryptocurrency.

Latest Posts

spot_imgspot_img

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.