Bitcoin has beaten gold in terms of returns by such a large amount this decade that investors have firmly dismissed recent price declines.
Data from monitoring resource Blockchain shows that since 2010, Bitcoin has delivered profits of almost 9 million percent.
Visibly buoyed by Bitcoin's performance, Barry Silbert, CEO of cryptocurrency investment conglomerate Digital Currency Group, deployed the popular Twitter hashtag #dropgold, with his post subsequently receiving over 1,600 retweets.
The statistics underscore Bitcoin as a winning investment for the vast majority of existence.
As information portal 99 Bitcoins confirmed on Thursday, since 2009, Bitcoin has only been unprofitable to buy on 434 days - at price peaks.
Year-on-year, Bitcoin returns have been similarly impressive.
At current price levels around $7,150, Bitcoin investors made 85% profits versus December 2018.
As Cointelegraph reported, a recent analysis of wallets has shown that Bitcoin "Hodlers" have in fact remained highly disciplined in 2019, despite this year producing a bull-run from lows of $3,100 to almost $14,000.
As Saifedean Ammous summarized in his popular book, "The Bitcoin Standard," that characteristic will continue to pit Bitcoin directly against "Easy" forms of money, including fiat currency.
Over the New Year period, the U.S. Federal Reserve alone will add an extra $425 billion in fiat value to the economy - more than three times Bitcoin's market cap that is essentially money created out of thin air.
At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade
gepubliceerd op Dec 20, 2019
by Cointele | gepubliceerd op Coinage
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