Bitcoin has risen 90,000 times in the past decade, with no assets comparable to that.

If, a decade ago, someone suggested that you give up the investment targets of stocks, commodities, and fixed-income assets, instead buying an unknown digital currency (Bitcoin), and then say it would go up more than you can imagine. No doubt you’ll just think this person’s crazy, but the reality is often more crazy than you think!

In the wake of the financial crisis, Bitcoin was created. At first, it was slow and was messed up by a series of scandals: fraud, theft and fraud, which discouraged many investors and led to tighter regulatory scrutiny. But once it’s in the mainstream, it’s proven to be the best performing asset in a decade.

Bitcoin’s latest trading price is about $7,200, according to data compiled by Bloomberg, and has yielded more than 9,000,000 percent since July 2010.

Bitcoin has risen 90,000 times in the past decade, with no assets comparable to that.

That said, if you can buy $1 worth of bitcoins in 2010, you can now convert them to more than $90,000, even if adjusted for peak prices.

“Bitcoin does capture that ‘different this time’ feverish technology,” says Peter Atwater, president of Financial Insyghts.

Bitcoin’s reputation became widely known a decade after its emergence, began to gain attention after 2016 and peaked in 2017. Despite its sharp drop in prices from its all-time high slate in late December 2017, the leading digital currency is still doing well and remains one of the biggest investment success stories in a decade.

Since then, despite the decline, the Bitcoin ecosystem has grown and the existence of Bitcoin assets has been established. With the emergence of mainstream Bitcoin futures markets and cryptocurrency exchange trading products in Europe, Bitcoin is becoming less of an Internet culture gene and more like an asset class competing in the mainstream market.

Despite the crash, Bitcoin hit a higher low every year, eventually gaining enough liquidity and support from the futures market to survive a period of relative stability.

No asset can match it. The Standard and Poor’s 500 index has only tripled in the past few years, and the index that tracks global markets has more than doubled. Gold is up 25%. Some of the best-performing stocks in the Russell 3000 index, including Exact Sciences Corp. and Intelligent Systems Corp. ( each up 3,000% . . . But these achievements pale in comparison to Bitcoin.

Bitcoin has risen 90,000 times in the past decade, with no assets comparable to that.

Bitcoin’s development was actually slow, and two years after its birth, someone used it to buy pizza to complete the first transaction. Since then, the price of such assets has skyrocketed, many times more than ever, and hundreds of imitators have appeared.

Many of those who entered the market in the early years remained faithful, watching it survive a boom-and-bust cycle that few could match over the past decade.

Although Bitcoin makes a lot of money for speculators and some hackers, its survival will depend on how much people accept it further. It has not been used as a wide range of media for exchange. Some big retailers are accepting payments in Bitcoin, but it is not as popular as many predict. Fraud is still rampant. Investor interest is waning.

Forecasts for Bitcoin over the next decade abound. Some say blockchain technology will revolutionise the world by the 20th century, when it could be used on a large scale. On the other hand, regulatory scrutiny is likely to intensify as central banks pay closer attention than ever before.

In the short term, some speculators predict that volatility could be reduced, given that the upcoming third mining award sqbiting in 2020 is halved. It is estimated that the halving of the Bitcoin mining incentive will occur on or around May 18, as a result of the Bitcoin issuance mechanism, which has occurred twice before. In 2012, the mining reward changed from 50 bitcoins to 25 bitcoins, and the price rose by nearly 820 percent in a year. In the 18 months since the second halving in 2016, the price of bitcoin has risen by more than 2200%.

For Andy Bromberg of CoinList, halving has been digested. “Maybe the price of Bitcoin is overvalued, everyone is interested in this theory, and we may see prices fall after half, and that’s not surprising to me.” “

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