Is Bitcoin a good investment?

Is Bitcoin a good investment?

Bitcoin returns have ranged from +650% to more than +1000% in the past 5 years.

Bitcoin returns Chart link

Bitcoin vs Gold

Here is a comparison of $1 invested in Gold vs $1 invested in Bitcoin, in 2010.

BTC vs Gold Credit

As we can see $1 invested in Bitcoin on November, 2009 would be worth $27,674 in November, 2022 and $1 invested in Gold in Novemeber, 2009 would be worth $1.65 in November, 2022

Bitcoin vs Ethereum

Here is a chart showing Ethereum returns in the past 5 years

Ethereum returns in 5 years Source

As we can see Ethereum returns were 450% to +1500% in the past 5 years

Comparison of Bitcoin vs Ethereum market share BTC vs ETH market share Credit

As we can see, Bitcoin have had more market share than Ethereum from the beginning of Cryptocurrency adoption. Bitcoin being the first cryptocurrency. Early entry could be the reason of Bitcoin dominating the market currently

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Ash
Ash Ash writes about updates on crypto