If you had bet on bitcoin in 2010, now you would be a millionaire.
In fact, according to a recent video shared by the CNBC, if you purchased $100 in bitcoin back in 2010 now y0u would have something like $75 mln.
During a relatively short period of 7 years, bitcoin price rose from $0.003 to its all-time high of $2392, so return of 796,000%.
The greatest part of mainstream media experts argues that bitcoin price is speculative because investors purchase bitcoin only because they expect a massive return in the next future.However, as Cointelegraph previously reported, prominent investors including GoldSilver.com founder Mike Maloney are encouraging investors to hold Bitcoin as a mandatory asset to hedge against inevitable global economic uncertainty and financial instability, not just as a large return investment.
However, as Cointelegraph previously reported, major investors suggest people hold bitcoin as a mandatory asset to hedge against inevitable global economic uncertainty and financial instability, so not just because of a large return investment.
In Japan bitcoin finally became a legal method of payment with more and more retailers and airlines that are starting to accept the digital currencies for payments.
Maybe it is for this reason that Japan is becoming the first country to invest in bitcoin, increasing the demand for the digital currency and driving its price.
On the other hand, bitcoin is seen as a “risky investment” because of its non-traditional nature by a few important magazines and media including the Washington Post.
As revealed by a recent study published by Cointelegraph, a $10,000 investment in bitcoin back in 2010 is now worth $200 mln, while the same investment in gold led to a negative return of $9,900.
That said, I suggest to dedicate much effort to building a time machine, so we would be able to buy bitcoin at $0.003.
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