If someone told you to forget about stocks, forget commodities, property and precious metals, and instead to go and buy an unknown digital token, the first ever seen of its kind, and watch it grow 9,000,000% in its first 10 years, you’d call them nuts, right?
Emerging like a phoenix from the ashes of the global financial crisis, Bitcoin was created as an alternative to the banks. At first, it was slow to break through, the media put out stories of fraud, thefts and scams that turned away many potential investors and brought a magnifying glass for regulatory bodies. But once it burst into the mainstream, it proved to be the decade’s best-performing asset.
The largest and most well known cryptocurrency is Bitcoin, at the time of writing its currently trading at around £7324.00, has posted gains of more than 9,000,000% since July 2010.
The performance Bitcoin has had so far over the past 10 years, even when you take into consideration its huge run on the famous bull run of 2017 where it hit its all time high of £15,082 and it’s so called mega crash where it came down from that all time high to £2,719 in December of 2019. Now it’s back at over £7000 with talks by experts that it could reach £100,000 in the next few years.
It simply leaves all others in the dirt. For the people that have bought and kept their Bitcoin investments, it has been a success rivalled by no other, as they say “You don’t lose any money till you sell, so HODL!” Which means: (Hold On for Dear Life)
Nothing else comes even close to beating it. The S&P 500 tripled in 10 years. An index that tracks world markets has more than doubled. Those gains are nothing in comparison to the finance world’s latest and arguably greatest marvels that is Bitcoin.
There has never been a better or more important time to educate yourself in this new technology and asset class of its own.
If you would like to learn what Bitcoin & Cryptocurrency is, how it works, the pros & cons and ultimately how to go about getting some of your own.