There have been a lot of action in last couple of months in the crypto markets. The total market cap of cryptocurrencies is at an all time high price of $250 billions, and more than 53% of that worth is only of Bitcoin. People started to become more an more interested in investing in cryptocurrencies, for a large number of reasons. Some of them are: quick profits, long term investments, quick transactions, safe wallets for storing wealth, etc.
But did you know that the bitcoin network was created back in 2009? So we have almost a decade since this technology was born. And it is changing the world as we know it since them. A single Bitcoin in 2010 cost less than one cent. Now, at the time of writing, one Bitcoin is valued at about $8.200.
Here is how $1000 invested in BTC in 2009 would be worth today vs. $1000 of stock bought at the following companies:
Netflix: $1000 shares bought in 2009 are now $52.036
Apple: $1000 shares bought in 2009 are now $6.223
Nike: $1000 shares bought in 2009 are now $3,298
Coca-Cola: $1000 shares bought in 2009 are now $1.479
McDonald’s: $1000 shares bought in 2009 are now $2.821
Microsoft: $1000 shares bought in 2009 are now $2.259
$1000 invested in BTC in 2009 today is more than $840.000.000.
You read that right. I don’t think there is anything else to say here, except one thing: it took ten years for Bitcoin to get here, but during this time, other cryptocurrencies came to light and some say that those are even stronger and faster than Bitcoin. Cryptocurrencies have been establishing themselves as the real deal and nothing can stop them now. We have to start taking profits.