Bitcoin has achieved a return on investment of almost 3,500% since 201570 times more than five of the traditional stock markets.
According to an article dated June 29 on the Investor Buy Shares website, data analyst Justinas Baltrusaitis says so From June 26, 2015 to June 26, 2020, Bitcoin’s return on investment (ROI) was more than 70 times higher than the Financial Times Stock Exchange 100, NASDAQ, Nikkei, S P 500 and Dow markets. Jones.
“During the period examined, Bitcoin’s return on investment was 3,456.98%, with Bitcoin’s price in June 2015 at $ 257.06 and the price on June 26 of this year rising to $ 9,143.58. The average ROI of the featured Indices was 49.27%. “
The return on investment of an asset measures the amount of the return on investment in relation to the cost.
Bitcoin HODLers’ ROI is calculated by comparing the price at the time of buying the cryptocurrency with the current value. For those who opted for HODL prior to the December 2017 increase, all investments should have a huge return on investment.
Why does Bitcoin benefit?
Baltrusaitis speculated that The difference in return on investment may be due to improved regulations for Bitcoin (BTC), which resisted more in 2015 than in 2020.. However, the current pandemic may also be partly responsible for “many people viewing Bitcoin as an alternative store of wealth” after the traditional markets suddenly collapsed.
“Bitcoin has grown in popularity over the years, and the initial state of the cryptocurrency has contributed significantly to the high return on investment. The advantages of Bitcoin are considerable, although investing in cryptocurrencies always entails a considerable risk of loss. Cryptocurrency valuation fluctuates widely, and as a result, investors can lose more than their original investment. “
Cointelegraph announced this Some analysts have suggested that Bitcoin continues to correlate strongly with traditional markets like the SP 500. Any downturn affecting traditional stocks or assets could cause the cryptocurrency market to become bearish, as was the case during the March downturn.