Bitcoin Leader Shows Which Have Been the Most Profitable Crypto Assets to Invest Into for ROI
There are some individuals that have doubts regarding the return that virtual currencies had in the last years. However, it is very easy to confirm that investing in virtual currencies has been profitable in the long-term.
At the moment, there are no traditional investment tools that can achieve similar returns to Bitcoin and virtual currencies.
Cryptos Register Large Gains Since They Were Launched
The co-founder of Interchange, Dan Hedl, wrote a tweet in which he uploaded an image that shows the return that the most popular digital asset had since they were created. The data provided is from the crypto analysis company Data Light.
In this chart, it is possible to see that Bitcoin (BTC) is the virtual currency with the largest price increase since it was launched to the market, only followed by Ethereum (ETH), Dash (DASH) and Binance Coin (BNB).
You think the altcoin you’re holding will beat Bitcoin’s return?
Good luck. pic.twitter.com/SEuLLfL0bB
— Dan Hedl (@danheld) April 18, 2019
If a person would have invested $100 in Bitcoin when it was first listed by an exchange, a user would now have $1.3 million. Meanwhile, if an individual invested the same amount of money in Ethereum, they would now have over $68,000. There are other digital currencies such as Litecoin (LTC), Monero (XMR) and XRP that have also registered an important price increase over time.
However, the ROI that these digital currencies have cannot be achieved in a short period of time. The person that invested in Bitcoin in December 2017, would not want to know anything about it now when it is worth 75% less than then.
It is also worth mentioning that depending on the time-frame of the investment some altcoins perform better than Bitcoin. Litecoin is up more than three times against Bitcoin since the beginning of the current year.
This year, altcoins such as Litecoin or Binance Coin have been leading in the market rather than Bitcoin. There are some experts that believe that the market is currently being moved by altcoins rather than by Bitcoin.