Again and again, when safe havens are mentioned, sooner or later gold falls in all its facets and, for a number of years, Bitcoin has too. The correct term isn’t safe haven, it’s “social elevator,” as long as you’re holding and not in a hurry.
The Story of Bitcoin Amid Price and Million Investments
In a recent tweet, the always insightful Watcher Guru points out a remarkable fact that speaks volumes Bitcointhe appeal of , its deflationary nature and that it is probably the financial invention of the century.
Watcher Guru’s tweet reported:
FUN FACT: If you invested $1,000 in #Bitcoin 10 years ago, you would have $1,556,000 today.
— Watcher.Guru (@WatcherGuru) October 2, 2022
“Fun Fact: If you invested $1000 in #Bitcoin 10 years ago, you would have $1,556,000 today.”
$1000 invested in the most capitalized digital currency (BTC) today would be worth it $1.5 milliona yield of 155,600%.
Leaving aside a few unicorns (in financial jargon, an investment with short/medium term huge returns that you never thought possible) we can, on the one hand, count returns comparable to those of Bitcoin, Apple at initial listing, Tesla, etc. but if we talk about both fiat and cryptocurrencies, Satoshi created a real miracle 13 years ago.
Years of criticism and critics have systematically brought up a response that is as effective as it is attractive.
The value of bitcoin has increased by 25,756,000% since its inception to date and $1,000 invested 10 years ago could have made anyone a millionaire, a figure that frees the currency in question from the notion of a safe haven and they taking it to a higher level represents a real social elevator.
However, such a high return potential as an investment is not always guaranteed when proceeding as a trader; A professional and discerning eye can certainly get great results from this practice as well, but accumulating BTC from a long-term perspective always hits the mark for at least two reasons.
The Successful Nature of Bitcoin
Certainly one of the main reasons behind Digital Gold’s success is its deflationary nature; Although it is now common knowledge, it is worth noting that this currency experiences a halving event every four years, in other words, a reduction in the number of BTS mined by half.
The second reason for BTC’s growth trend is its numbering, which the currency actually only has 21 million unitswhich are not all mined yet (the cryptocurrency is based on proof of work, which is mining).
If we consider its growing acceptance 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 property.
However, like weeds, critics are difficult to weed out, and we find those who respond with humor (playing with numbers) as follows:
“Fun Fact: If you invested $1,556,000 in #Bitcoin 1 year ago, you would have $1,000 today.”
Given the bear market that has been going on for more than a year, the conflict in Ukraine threatening to become a world war, the cost of raw materials and energy, and the ever-present inflation, Bitcoin has found a fair place Correlation with the S&P 500 in recent years and has fallen from $64,000 to $19,575 at the time of writing, down by almost 70% of the value.
Therefore the above considerations make sense, of course a loss is possible but in the long run this eventuality is swept away from the facts, away from the black swans (catastrophic and unpredictable financial events) which in the long run can always be an anomaly that brings wealth, as long as you treat it as an asset.
The easy way to riches has always been a pipe dream, far from providing investment advice, but based on the data from its inception to the present, the currency of satoshi has long brought joy only to those who think of it as a Medium believed / long time frame.
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