Bitcoin Gained 8.9 Million Percent Over the Last Decade 202 | MyBitcoin Cryptocurrency News
Bitcoin Gained 8.9 Million Percent Over the Last Decade
2020 is fast approaching and the last decade will be behind us. Throughout the last ten years, the biggest unicorn firms were born like Uber and Airbnb. However, even though Bitcoin isn’t a company, the best investment of the decade belongs to the decentralized cryptocurrency Satoshi created. In fact, Bank of America’s recent securities report highlights that an investment of $1 in bitcoin at the start of 2010 would now be worth more than $90,000.
This week, a great number of people are reminiscing about the last ten years and a slew of individuals understand that the advent of Bitcoin was quite significant during this period of time. “The most valuable startup of the last decade didn’t raise money, didn’t have employees, gave away the cap table, and let anyone invest,” said the popular philosopher Naval Ravikant. Besides Ravikant’s opinion, there’s data that shows bitcoin was the best investment during the last decade.
Bank of America’s recent securities paper explains that between 2010 and 2020, oil has weakened and “negative interest rates have been good for gold markets.” But if a person invested $1 in bitcoin in 2010, it would be worth well over $90k today, BoA’s report underlined. Because of bitcoin’s great performance record, the decentralized asset has surpassed every investment vehicle in the last ten years.
