Since 2010, bitcoin has brought its investors 338 million percent of revenue. And this is many times more than any IPO of technology companies.
Bitcoin profitability: 338 million percent since 2010
Under the Crypto Godfather nickname, the CEO of the Block Journal crypto magazine published on his Twitter account data on the stock returns of technology companies since the IPO. Over the past 9 years, theTradeDesk has been the most profitable company. Its shares after the IPO went up by 1317%.
Although a return of 1000% is difficult to find in the financial markets, it is not nearly worth the profit on investments in BTC. The first cryptocurrency exchange that traded bitcoin appeared in March 2010. And then cryptocurrency only cost $0.003. If we compare this price with the current one (about $10000), then the profitability of BTC will be 338 million percent.
And if you compare the initial price with the peak values of bitcoin at the end of 2017, when the price jumped to $20000, then the profitability of the cryptocurrency will be at the level of 666 million percent.
Interesting in the section: Can Bitcoins end? Limited emission of main cryptocurrency
- According to Coinmarketcap on August 28, bitcoin is tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details at $10162
- There is ongoing debate among experts over whether BTC will be able to repeat the 2017 bull race in the near future. Screw analyst believes that this year there is almost no chance that BTC will rise in price to $20000
Editor: Alyona Nabok