Bitcoin has had its share of unnerving time periods – but over the last decade, it has been one of the best investable assets. Appearing as a “black swan”, BTC reached extraordinary valuations.
Bitcoin Became a ‘Wild Card’ for Personal Finance
Acquiring $1 worth of BTC in 2010 would translate into more than $90,000 today, even after the correction from peak prices.
BAML has a list of best/worst asset classes of the decade:
* Best: Bitcoin $1 in 2010 = $90,026 today
* Worst: Myanmar Kyat $1 in 2010 = $0.004 (spot) today.
* (For comparison: US equities $1 in 2010 = $3.46 today)
— Carl Quintanilla (@carlquintanilla) December 13, 2019
To compare, even after an extremely successful decade for stocks, $1 invested in big indices of US equities would have reached $3.46.
Of course, not everyone can sell at peak valuations without…