Bitcoin has been on a long journey to the point at which it is today. The cryptocurrency which came into existence in 2009 was once considered to be worthless. Over time, the cryptocurrency has proven its worth and growth so well, raising the returns on investors’ investments to a percentage like no other.
Following an analysis by CaseBitcoin, the compound annual growth rate for Bitcoin was reported to be 200%; we can conclude that the returns on investments for investors exceed the rate of big-name stocks. Currently, Bitcoin investors are the investors that are getting the highest returns on their investments globally.
For people who had seen the worth in Bitcoin and made their investments some ten years ago, their interest based on CaseBitcoin analysis is calculated to be around millions of dollars.
The worth of Bitcoin has only grown geometrically over time. Through the course of its growth, many people joined the bandwagon of investors, and from calculations, the investors have been able to triple their investments considering the growth trajectory that Bitcoin has taken.
The cryptocurrency reached its all-time high last month as it crossed $58,000 per Bitcoin before the last drop of about $10,000. Despite the fluctuations and changes in market prices, investors have profited greatly from giving Bitcoin investment a try.
Even now, more people are looking to become investors, too, as price speculations point in the direction of Bitcoin hitting twice its current price in the nearest feature. Some top crypto analysts have shared their predictions regarding this and the grounds that led to their predictions.
Big firms like MicroStrategy and Tesla have also joined Bitcoin investors’ network, with MicroStrategy making a higher investment in Bitcoin than Tesla.
Certain analysts are of the opinion that Bitcoin is no longer a favorable cryptocurrency to invest in, and they guide potential investors to rather invest in other currencies in their early growth phases. These opinions are centered around the current high price of Bitcoin, the fact that it has matured in its journey, and large volatility.
Yet, it is still great to note that other analysts still consider Bitcoin to be a good Investment currently as they speculate the price to double in the future. Hence, investors who still invest now have the potential of ripping large profits from their investments.