Given the Bear market that has lasted for more than a year now, the conflict in Ukraine that threatens to become a world war, the cost of commodities and energy in addition to the ubiquitous inflation, Bitcoin has found a fair correlation with the S&P 500 in recent years and has fallen from $64,000 to $19,575 at the time of writing, with a loss of almost 70% in value. “Fun Fact: if you invested 1556000 dollar in #Bitcoin 1 year ago, you’d have 1000 dollar today.” However, detractors just like weeds are hard to weed out, and we find those responding with humor (playing with numbers) as follows: If we consider its growing adoption in the world and the number of people potentially reachable (7 billion) its value can only be expected to grow precisely because of its scarcity characteristic. The second reason for BTC’s tendency to grow is its numbering, the currency in fact has only 21 million units, which are not yet all mined (the cryptocurrency is based on Proof of Work that involves mining). One of the main reasons behind the success of Digital Gold is certainly its deflationary nature even though it is now common knowledge, it is worth mentioning that this currency experiences a halving event every four years, in other words, a reduction in the number of BTS mined by half.
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Such a great ability to yield as an investment, however, is not always guaranteed if the approach is that of a trader a professional and a discerning eye can certainly have great results with this practice as well, but accumulating BTC from a long-term perspective always hits the mark for at least two reasons.
Years of criticism and detractors have systematically brought an answer as effective as it is attractive, value.īitcoin’s value from its inception to the present has grown 25,756,000% and $1,000 invested 10 years ago could have made anyone a millionaire, a figure that releases the currency in question from the notion of a safe haven asset and places it on a higher plane, that of a true social elevator. but if we are talking about both fiat and crypto currencies, 13 years ago Satoshi created a real marvel. “Fun fact: if you invested 1000 dollar in #Bitcoin 10 years ago, you’d have 1.556.000 today.”ġ000 US dollars invested in the most capitalized digital currency (BTC) today would be worth $1.5 million, a 155,600% yield.Īside from a few unicorns (in financial jargon an investment with huge yields in the short/medium term that one never imagined possible) we can count on one hand yields comparable to those of Bitcoin, Apple if taken at its initial listing, Tesla etc. In a recent tweet, the always enlightening Watcher Guru points out a striking fact that speaks volumes about Bitcoin ‘s attractive power, its deflationary nature, and how it is probably the financial invention of the century.įUN FACT: If you invested $1,000 in #Bitcoin 10 years ago, you’d have $1,556,000 today. The history of Bitcoin, amid price and million-dollar investments The history of Bitcoin, amid price and million-dollar investments.If you missing your favorite token or want to have another tag with your own selection of tokens you can easily contribute on GitHub: You can also build your own products using this data.
Now you can organize and compare tokens by a niche, group or particular subset with our new Token Tags feature 🔥 ✅ You can compare how different decentralized exchanges' governance tokens perform in current turbulent market: ✅ You can check if tokens in Lending and Borrowing niche perform better: ✅ Or you can dig into Centralized Exchange tokens and see if this niche outperforms the rest of the market: ✅ What about the Metaverse? We got it: ✅ Or maybe you want to poke into a16z tokens portfolio? We have these kinds of tags as well: ✅ And the best part is: it's open-source with a GPL license.
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