Bitcoin Is As Performant Today As It Was in 2009,' Analyst Willy Woo On Investing in BTC

And No, “You haven't missed the boat.”

  • Bitcoin has “outperformed every other asset class for its entire 10-year history”
  • In the move from the Industrial Age to the Digital Age, money is becoming “digitally native and programmable”
  • Bitcoin is just getting started and is “growing from being a thimble to a bucket”

The first bull run recorded by Bitcoin saw the leading cryptocurrency jumping a whopping 318,864% with BTC at $31.90 in 2011. Then in the second bull run in 2013, BTC surged to a new high at around $1,175, registering the gains of 58.474%.

The third bull run took us to the all-time high $20,000 but a much lower return than the previous or the one before that one, just 11,960%.

So, does this mean for those wanting to invest in Bitcoin now have missed the boat?

According to popular analyst Willy Woo, the answer is no. Bitcoin, he says is as much a “performant” today as it was 10 years back. This entire time the flagship cryptocurrency has actually outperformed every other asset class, be it the US stocks bonds, gold, real estate, emerging currencies, and oil. He added,

“As the Bitcoin asset class inflates with value, it has outperformed every other asset class for its entire 10-year history,” said Woo. “Under the lens of ROI adjusted for risk, it's as performant today as it was in 2009, you haven't missed the boat.”

Bitcoin Risk Adjusted Returns vs Other Assets
Bitcoin Risk-Adjusted Returns vs Other Assets, Source: https://charts.woobull.com/

Talking about his next 10,000 years view, Woo says it started with gold money circa 10,000 BC in the Agrarian revolution. Then we moved into the Industrial age where since 1973 fiat money has been ruling the monetary system.

Now, in the post-Industrial Revolution era, cryptocurrencies are part of the transformation to the digital age where money becomes digital. Woo explained,

“What's happening, as we move from the Industrial Age to the Digital Age, is money itself is becoming digitally native and programmable.”

This means, cryptocurrencies have just started and “Bitcoin is growing from being a thimble to a bucket.”

We already have $8 trillion in a gold bucket, $75 trillion of stocks bucket, $90 trillion of fiat bucket, and $220 trillion of real estate for people to store value in. Bitcoin meanwhile is just about $150 billion bucket and crypto market nearly $235 billion bucket.

Bitcoin, as Woo says is the “first invention” on the Internet that can’t be copied. Moreover, it is scarce and can store value just like gold and fine art. In its decade long history, Bitcoin is already on track to surpass M1 USD in the next five years.

These figures show the wide scope of growth Bitcoin has as we move to store value online.

Live Bitcoin (BTC) Price:

1 BTC/USD =$10,712.0242 change ~ 0.31%

Coin Market Cap

$198.07 Billion

24 Hour Volume

$120.2 Billion

24 Hour VWAP

$10.68 K

24 Hour Change

$32.7276

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,482FansLike
2,795FollowersFollow
4,266FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Investors With Low Financial Literacy Are Twice As Likely to Own Crypto vs Market Gurus: Bank of Canada Report

A new study released by the Bank of Canada has revealed that folks with lower financial literacy are more likely to own Bitcoin than...

Love it or Hate it, UNI Token Stands to Benefit from Uniswap’s Evolution

After releasing the UNI token as part of Uniswap V3, the first update for Uniswap V3 has been made on Github. It might say...

Israeli Draft Bill Proposes Bitcoin be Defined as Currency to Cut Down the Hefty Capital Gain Tax

Four members of the Knesset, Israel’s legislative body, from the Yisrael Beiteinu faction, the secular nationalist political party, have submitted a private member’s bill...

TRON Partners With BitGo To Mint New Wrapped Bitcoin And Ethereum Tokens On Its Blockchain

TRON launches wrapped Bitcoin and Ethereum on its blockchain. The blockchain aims at taking over the raging DeFi market. Tron announced a partnership with...

More Urgent than Ever – Ethereum Layer 2 Solution Goes in its First Phase of Testnet Launch

Ethereum layer 2 solution Optimism is welcoming the first phase of the Optimistic Ethereum Testnet. This development has become a necessity of the market thanks...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today