Bitcoin and gold are considered prominent stores of value and safe haven assets. However, over the past seven years , one experienced a meteoric rise in terms of market cap, user base and value, while the other failed to live up to the expectations of its investors.
StockTwits, the world’s largest financial communications platform for the investing community, revealed one of its users’ growth chart comparing various currencies, bonds and assets. In it, a StockTwits user by the name of Charlie Bilello noted that a $10,000 investment in Bitcoin made in July 2010 would have earned investors a $200 mln return. This revelation was made known as of May 13, 2017.
ALSO READ: INTCoin Next Generation Decentralized Currency to Be Launched
In contrast, a bitcoin investor who purchased $10,000 worth of gold in 2010 would have experienced a negative return of $9,981.
ALSO READ: Breadwallet Guide on Bitcoin $10,000 Bubble
This simply means an investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln.
Also note that since July of 2010, Bitcoin has significantly outperformed the Japanese yen, Canadian dollar, Euro, Silver, Gold, US Dollar, bonds, global stocks, US real estate and US stocks.
Naturally, its decentralized nature, high liquidity and transportability began to appeal to a wide range of investors seeking for alternative assets to protect their wealth with a long-term investment.
In conclusion, Bitcoin’s ownership is evidently portrayed with the use of cryptography. Hence, Bitcoin can not be seized by a central entity because the Bitcoin network itself is decentralized and untouchable.
No comments:
Post a Comment