Have you ever wondered just how much money you’d have now if you’d invested in bitcoin?
Look no further!
As you can see, bitcoin is one of the best investments you could have made over the past 10 years. Of course, if you bought at the wrong time this isn’t the case. For example, bitcoin’s all time high.
But in general bitcoin has been an extremely strong asset. Even if you bought it a few months ago you’d nearly have tripled your investment.
Despite what some people say, I do view bitcoin as an investment, not as speculation.
I intend to steadily put money into bitcoin and hold it for the long term, not just for a year out. That alone puts it into the investment category, according to Investopedia.
The discussion of whether bitcoin is speculation or investment will be saved for a future post however.
A couple things I gleaned doing the research for this infographic:
It must be fascinating to be one of bitcoin’s early investors that kept it quiet, one of the “secret millionaires”. I found myself daydreaming about what I’d do with that kind of money.
Typically secret bitcoin millionaires retire, travel the world and pursue their entrepreneurial or occupational dreams. Many found new businesses and online ventures. For example, Barry Silbert took his entire company into the crypto space, to great success.
Similarly, early bitcoin miners made a ton of money too. Mining isn’t super profitable now, but you could easily have become a millionaire if you were in on it at the start.
I’d always realized that I’d make a lot of money if I’d invested in bitcoin early, but I didn’t appreciate the scale of it until I formatted this infographic.
Will history repeat itself over the next 10 years? Will we see exponential growth in bitcoin yet again? Time will tell.
Will Salisbury is the co-founder of Blockchain Decrypted and full-time cryptocurrency trader. He also hosts the Blockchain Decrypted podcast, and when he's not talking or writing about blockchain technology and cryptos, he likes to play games and relax in his home state of Michigan.
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