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Bitcoin Price 293.433% more

Bitcoin Price 293.433% more 2

The Bitcoin course has been on a roller coaster in recent days and does not know exactly where to go. Some say the ground has already been touched by this week's break-in, others think it's going further. Despite this short-term volatility, the progression of the digital component over the past 10 years has been impressive. Anyone who invested money in BTC in 2011 could reach a level of 293.433%, so far. This increase in Bitcoin rate overshadows all other assets. Even the S & P 500, which has performed very well over the past 8 years, could not compete with BTC.

293,433% ROI – yesterday 8 years old ….

Yesterday, 8 years ago, on November 27, 2011, you have invested in Bitcoin, reporting 293,433% of the return on your investment to date. At that time, the price of Bitcoin was still a few dollars, more precisely at $ 2.47, and the Crypto-Space looked much more like a "Wild West of the Internet" than today. . The calculation can be calculated with a new OnChainFX calculator. The program can calculate the return on investment of an investment in BTC from any day between August 2, 2011 and the current day.

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As we have pointed out on several occasions, BTC is putting all other asset classes in the shade over the last 10 years. In comparison, the S & P 500, a stock index that includes the shares of 500 of the largest US listed companies, could not follow the evolution of the price of Bitcoin despite (!) Growth just as impressive 147%.

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1% BTC in the portfolio – security AND huge returns despite Bitcoin price fluctuations

Admittedly, investing in Bitcoin still leaves many investors with a dilemma. On the one hand, they want to participate in Bitcoin price performance, on the other hand, a larger investment is too risky for them because of the high volatility.

However, lack of affinity for risk is not a reason for NOT investing in BTC. Anthony Pompliano, the well-known Crypto investor and entrepreneur, relied on a Twitter message in February of this year. In fact, if you had 1% of your portfolio in Bitcoin and 99% in cash, you could beat a 100% investment in the S & P 500 over the last 10 years. And that despite 3 collisions in the course of Bitcoin and at the same time more security, because keeping 99% of its money in cash is considered safer than an investment in shares.

These statistics could constitute the "manslaughter" argument of any criticism of Bitcoin that qualifies the digital asset as "insecure." For Pompliano, the numbers are not the only ones to show that a rational investor who has diversified a few percent of his portfolio in BTC has been able to achieve an extraordinarily good performance in recent years.

As we know, the future can not be deduced from the past. Yet, many reasons support the lunar forecasts of many investors. Tim Draper, for example, recently predicted a price of $ 250,000 in 2022 or 2023.

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How do you see the past, present and future development of the Bitcoin course? What do you think we are at the end of the year? Join our chat telegram and share with the experts and the community. In addition, subscribe to our news channel so you will not miss any news.

Warning: None of the terms in this article constitute in any way a commercial recommendation. This article and the following articles are for the sole purpose of sharing information with our readers. Neither CryptoMonday nor the author of this text are responsible for losses suffered as a result of our readers' business decisions. Dyor!

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