Major news outlet BBC has touted Bitcoin as the “mega investment” of the decade, eclipsing stocks, bonds, commodities, and (of course) fiat currencies worldwide.
BBC backed its claim with numbers provided by Bank of America Securities, which showed a tiny $1 investment in Bitcoin at the start of 2008 would be worth more than $10,000 today (or, considering its latest price dives, until quite recently).
Still, regardless of its recent performance, Bitcoin dominated more traditional investments. Even though the US stock market is the strongest in the world, $1 in American stocks at the start of the decade would now reportedly be valued at just $4.46.
One dollar invested in a 30-year US treasury bond over the same time period would now be worth $2.09 and imaging investing the least or more of $10 dollars that you have then in 2008 by now you could have been a billionaire.
Bitcoin fortunate rising has made so many investor make millions or dollars, and now is has been regarded and one of the most exchange rate in some part of the country.
Gold, however, was reportedly the top commodity of the 2010s (aside from Bitcoin, of course). A $1 gold investment in 2008 is said to be worth just $3.34, while the same in oil would equate to 74 cents.
Bitcoin definitely performed better than the Greek equity market
BBC listed some terrible investments, too. A dollar in Myanmar currency at the start of the decade would now reportedly be worth a measly 4 tenths of one US cent today.
Thanks to Greece’s debt crisis, 100 cents in the Greek equity market would now equate to only seven cents.
While BTC’s value indeed went from fractions of a penny to thousands of dollars today, it’ll surely be hard to defend its title of “best investment of the decade.”
Now, Bitcoin faces its next test: the 2020s.
This is not investment advice. This is for educational purposes only. Do your own research, damnit. No, really, don’t buy Bitcoin because you read this article. Past performance is not indicative of future results. I’m not even qualified to tell you that. See what I mean? Do your own research. Please try to being updated to get the best on bitcoin .
