Bank of America Merrill Lynch called bitcoin the best asset of the decade.

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Banking giant Bank of America Merrill Lynch (BAML) named the best and worst assets by investment performance over the past decade.


Carl Quintanilla
@carlquintanilla

BAML has a list of best/worst asset classes of the decade:

* Best: Bitcoin $1 in 2010 = $90,026 today

* Worst: Myanmar Kyat to $1 in 2010 = $0.004 (spot) today.

* (For comparison: US equities $1 in 2010 = $3.46 today)

Bitcoin topped the list. According to BAML, $1 invested in the first cryptocurrency in 2010 has now turned into $90,026.

By comparison, the dollar invested in U.S. stocks rose to $3.46 over the period.

The worst asset of the decade, the Bank called the national currency of Myanmar-Kyat. Since 2010, the dollar invested in it would have fallen to $0.004.

Earlier, the head of the Digital Assets Data platform Ryan Alfred noted that despite the price decrease compared to the maximum of December 2017, bitcoin is more attractive to investors than traditional assets.

The original article here - https://forklog.com/bank-of-america-merrill-lynch-nazval-bitkoin-luchshim-aktivom-desyatiletiya/