Bitcoin Is Outperforming Assets Over a 100-Years-Old With Still So Much Upside to Manifest
It is no secret that Bitcoin is one of the hottest assets in the world since April. It is faring better than almost any other non-crypto asset in the world and not a lot of altcoins are able to follow it, with some exceptions as Binance Coin (BNB) being the only ones.
Now, an old-school trader known as Peter Brandt has talked about why he is investing in Bitcoin. According to him, the BTC market is currently the best market ever seen.
On a chart, he compared Bitcoin lows, highs and its advancement with some other assets such as gold, which is 100-years-old. Gold only has a 93-fold in 100 years while Bitcoin has a 9,765-fold in only ten.
While the cryptocurrency has been subject to boom and bust cycles, the truth is that its prices are always higher when you compare them to four years before. The token went from almost nothing in price to over $19,500 USD. Now, the prices may be lower than they were before, but this is no reason to simply ignore all the potential that BTC has.
Even the Dow Jones Industrial Average has a fold of 873, which is smaller than Bitcoin’s performance from 2011 to 2017 alone.
If you invested in gold in the last three years, you would have only got a return on investment of 6.44% but if you invested in Bitcoin instead, the returns would be 330%.
This shows that there is simply no other way to explain it: Bitcoin is the ultimate investment. You will be obviously better off by holding it than you would be if you choose to invest in almost any other non-crypto asset in the market.
Bitcoin’s price is $48,008.26 BTC/USD exchange rate today. The real-time BTC market cap of $898.19 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $49.09 Billion and live coin value change of BTC -11.54 in the last 24 hours.