{"id":2410,"date":"2017-05-26T00:01:37","date_gmt":"2017-05-26T00:01:37","guid":{"rendered":"https:\/\/holytransaction.com\/blog\/?p=2410"},"modified":"2017-05-26T00:03:01","modified_gmt":"2017-05-26T00:03:01","slug":"bet-on-bitcoin-2010","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/05\/bet-on-bitcoin-2010.html","title":{"rendered":"Would you ever trust people who said “Bet on Bitcoin” in 2010?"},"content":{"rendered":"

\"bet<\/p>\n

If you had bet on bitcoin<\/strong> in 2010, now you would be a\u00a0millionaire.<\/p>\n

In fact, according to a recent video shared by the CNBC<\/a>, if you purchased $100 in bitcoin back in 2010 now y0u would have something like $75 mln.<\/p>\n

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%.<\/p>\n

The greatest part of mainstream media experts argues that bitcoin price is speculative because investors purchase bitcoin\u00a0only 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.<\/p>\n

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.<\/p>\n

Bitcoin is digital cash<\/h2>\n

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.<\/p>\n

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.<\/p>\n

On the other hand, bitcoin is seen as a\u00a0\u201crisky investment\u201d<\/em> because of its non-traditional nature by a few important magazines and media including the\u00a0Washington Post<\/a>.<\/p>\n

Bet on bitcoin as a \u201cSafe haven\u201d<\/h2>\n

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.<\/p>\n

That said, I suggest to dedicate much effort to building a time machine, so we would be able to buy bitcoin at $0.003.<\/p>\n

\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you had bet on bitcoin in 2010, now you would be a\u00a0millionaire. 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 […]<\/p>\n","protected":false},"author":2,"featured_media":2412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76],"tags":[1173],"yoast_head":"\nWould you ever trust people who said "Bet on Bitcoin" in 2010? -<\/title>\n<meta name=\"description\" content=\"If you had bet on bitcoin in 2010, now you would be a millionaire. 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