Just ten years ago, Bitcoin was entirely irrelevant on a global scale, used by less than a few dozen individuals, who were transacting coins worth zilch on the open market in a peer-to-peer fashion.
Sure, the idea of decentralized and digital cash was worth something, but there was little to zero adoption months after pseudonymous coder Satoshi Nakamoto published the first iteration of Bitcoin.
Long story short, Bitcoin has done well over its 11 years of existence-so well that a simple analysis has revealed that the cryptocurrency is the best-performing mainstream investment of the past decade.
Howmuch.net recently released an article entitled "The Investment of the Decade: Bitcoin vs. World's Megacorps," in which the money and business-focused analytics media site wrote that investing $100 into Bitcoin ten years ago would have net investors with $9.2 million worth of coins today-a price gain over 9,200,000% over the span of a mere decade.
OFFICIAL: Bitcoin is the most profitable asset in this decade! pic.
"Even with Bitcoin's latest price implosion, the cryptocurrency has still created an astonishing 9,150,088% return. Other companies like Amazon and Apple are still impressive, but nothing truly compares to the king of the crypto world."
This makes Bitcoin the best mainstream, non-derivative investment in the past decade.
This strength in the Bitcoin price has led Balaji Srinivasan, the co-founder of Earn along with CoinCenter and the former CTO of Coinbase, to claim that Bitcoin was the biggest unicorn of the past decade, not Snapchat, Uber, or Airbnb.
"As the decade ends, the biggest unicorn of the 2010s wasn't Uber, Airbnb, or Snap. It was Bitcoin."
Srinivasan isn't kidding when he says that Bitcoin is literally the biggest unicorn of the 2010s.
Bitcoin smoked Amazon and Apple in the last decade, can it do the same in the 2020s?
Published on Dec 11, 2019
by Cryptoslate | Published on Coinage
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