As we wave goodbye to the 1910s, it’s time to look back on the best of the past decade, according tomedia. You may have read about the hottest apps, games, and technology, but what’s the best investment of the past decade? There’s no doubt that it’s Bitcoin, and if you bought it for $1 a decade ago, it’s worth more than $90,000 now.
According to a recent report by BofA Securities, those who bought the virtual currency in the early 2000s will find that their initial investment has soared.
Bitcoin peaked at nearly $20,000 in December 2017 — but it was a bad time for PC gamers, whose graphics card performance has been falling as the price of graphics cards has risen as more and more people are involved in mining. But over the next year the price of Bitcoin fell to $3,200. Bitcoin prices recovered last year — its surge helped boost AMD’s share price — and although it fell slightly from its peak, it is still worth about $6,600.
Bitcoin prices are likely to rise further as more companies begin to embrace bitcoin as a way of paying and the idea that some people holding bitcoin will be further legalized next year.
In addition to the best investments, the report lists the worst investments in a decade, including myanmar’s local currency, the myanmar dollar. The conflict in this country means that investing in a tenth of a dollar a decade ago is now equivalent to only a quarter of a cent. In addition, the dollar invested in the Greek stock market in 2010 is now worth only 7 cents, but the $1 U.S. stock market is now worth $3.46, representing a rise of about 250 percent.