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    Bitcoin Is One Of The Most Profitable Assets In History, Posting 98% Of Days During First 10 Years

    Buying Bitcoin has been profitable more than 98% of the times since it was created. This is according to a study presented by holdcalc. The digital currency has unprofitable for purchasing during the bull market in December 2017 and at the beginning of January 2018.

    • Bitcoin has been profitable as an investment 98.2% of the days since it was created
    • The digital currency is expected to keep growing in the future

    According to data provided by holdcalc.com, Bitcoin (BTC) has been profitable as an investment tool 98.2% of the days since it was created. This makes Bitcoin one of the most profitable assets in history and the numbers could keep improving if Bitcoin surpasses an all-time high.

    Buying Bitcoin Was Profitable Over 98% Of The Days

    According to data provided by holdcalc, 3671 of 3830 days, was profitable to purchase Bitcoin as an investment. That means that there were just 69 unprofitable days that were registered in December 2017 and January 2018. At that time, Bitcoin reached $20,000 and was traded close to that price for a few weeks.

    The study also shows that the most popular digital asset has already crossed both the 50-week and 50-day moving averages, which is very bullish for the future of the virtual currency. In addition to it, on-chain data, including hash rate, active wallet addresses and transactions per day are close to their all-time highs or already surpassing them. In general, when these metrics perform positively, the whole market behaves in a positive trend as well.

    At the same time, the study shared a chart in which they show that Bitcoin is in stealth mode before a bull run and that the interest in Google is also growing. However, individuals remain far from searching Bitcoin in Google as during the all-time high registered in December 2017. Indeed, Google shows that people are searching for the virtual currency as much as when it was $1,000 in 2013.

    There are some bearish analysts that consider that Bitcoin is going to be dropping down to $9,500 or even lower in the near future. However, Bitcoin remains above $10,000 despite all the negative sentiment around it during the last few days.

    At the time of writing this article, Bitcoin is being traded around $10,385 and it has a market capitalization of $184.77 billion, according to CoinMarketCap.

    Bitcoin (BTC) Live Price

    1 BTC/USD =$8,672.8825 change ~ 0.41%

    Coin Market Cap

    $157.6 Billion

    24 Hour Volume

    $5.5 Billion

    24 Hour VWAP

    $8.67 K

    24 Hour Change

    $35.7861

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    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [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

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