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Bitcoin News & Updates / Analyst: Bitcoin Boasts an ROI of 6271233% Since 2011
« on: December 18, 2020, 11:34:16 PM »Analyst: Bitcoin Boasts an ROI of 6271233% Since 2011
The data offered by Charlie Bilello of Compound Capital Advisors, if someone had made an investment in Bitcoin in 2011, they’d be looking at returns of over 6271233%. In comparison, Nasdaq as the second leading asset class only has 512% and gold is only looking at 24.3%.
This year has been especially strong for safe-haven assets with the US dollar battling and the global economy struggling to regain any strength as a result of the global pandemic. Bitcoin, in particular, has had a particularly strong year marking itself out as a prime investment opportunity to hedge against fiat. Looking at its low point in March, the cryptocurrency has gained 440%. As pointed out by Bilello using metrics of high and low returns, Bitcoin is looking at a current increase of over 160% since the beginning of the year.
Now, as Bitcoin price has managed to finally surpass the $20,000 USD, it’s possible that the bull run predicted for 2021 will kick off with more strength. In response, investors might look to the cryptocurrency to a long-term investment opportunity. On the other hand, we might see a sell-off and recorrection. Whatever the case, it’s undeniable that Bitcoin has reached its next cycle and that a rally is underway. This trend, looking at previous data and historic movements of the token from the past ten years indicates that the cryptocurrency industry is headed for a significant opportunity as a worthwhile store of value.
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