Bitcoin Has Been More Profitable Than All Tech IPOs Since 2010 Per Crypto Godfather Data
Bitcoin is the best investment that you could have possibly made in this decade. According to data shared by the “Crypto Godfather”, known as the CEO of Block Journal, the performance of BTC has dwarfed all technology Initial Public Offerings (IPOs) since 2010.
2010 to 2019
— Crypto Godfather 教父 (@CryptoGodfatha) August 28, 2019
This is mostly because Bitcoin was absolutely inexpensive back in 2010. The oldest data that can be found is Bitcoinmarket’s March 2010 data. It shows Bitcoin being traded at only $0.003 USD, less than a single cent. Now, it is trading over $10,000. This is an increase of 338,433,233% if you were quick enough.
Even if you bought it later, you can have easily become a millionaire with this investment. Bitcoin’s price rose 7,420% from April 2013 to today. When you compare the data to tech IPOs, the profitable of BTC is even more astounding.
The most profitable IPO is The Trade Desk’s one, which has seen prices going up 1,317%. That’s not even 10% of the gains that Bitcoin had. Even high-profile companies such as Pinterest only went up 77% while Spotify went up 14%.
Say that you have bought BTC this year. The returns are already almost 300% if you bought at the right now. Famous investments such as S&P 500 and Global Dow, which only went up 18.7% and 12.9%.
With the U. S.-China Trade War going on, Bitcoin is set to grow even more and traditional markets may lose money, so crypto investments continue to be very interesting.