For many, the fascination with Bitcoin is not just technology. Because in addition to keywords such as decentralization, freedom and self-determination, BTC is above all one thing for many: a damn good investment with which (lots) of money can be earned. At this point, I don’t want to judge whether that’s good or bad.
However, it is clear that Bitcoin was the best investment in the past decade. Bitcoin, the money machine? – Let’s take a look at the numbers and how the S&P 500 performed.
Bitcoin is the best investment in the decade
The best way to do this kind of number game is to look at what would have become of a dollar. This allows us to understand how strong Bitcoin’s performance was.
Let’s start with the worst investment in the decade. An investment in the national currency of Myanmar, the Kyat. Anyone who had stocked up with Kyat in 2010 for one dollar would now only receive $ 0.004. An enormous loss of value.
On the other hand, those who bet on the stock market were more than happy in the past decade. Because such a long phase of upswing and fat years has not existed for a long time. An investment of $ 1 in the S&P 500 would stand at an impressive $ 3.46 today. The S&P 500 is the stock index of the 500 largest American companies.
Now we come to Bitcoin itself. In 2010 BTC was the absolute underdog and known to only a few in this world. Compared to the S&P 500 (or stocks in general), there was still no infrastructure to invest in BTC quickly and worldwide. However, anyone who recognized the favor of the hour at the time and would have persisted to this day is congratulated.
Because an investment of $ 1 in Bitcoin in 2010 would be worth an incredible $ 90,000 today.
Now we all know, of course, that probably not more than a handful of people could benefit from this growth. Nevertheless, Bitcoin is the best investment of the decade. Now, for the change into the new decade, we did not want to withhold this from you.
In any case, I am excited to see how we will look to the coming decade and the BTC price in 10 years. What do you think about it?