according to Bitcoin Pro Magazine According to the data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days since Bitcoin began trading, holding Bitcoin has been profitable for 5,020 days compared to the current price of around $66,500 per Bitcoin.
Since August 17, 2010, when Bitcoin was worth just $0.07, its value has risen to around $66,500, representing a staggering 94,999,900% increase. This continuous upward trajectory highlights the sustained growth of Bitcoin and its increasing adoption over time.
The chart from Bitcoin Magazine Pro highlights the aggressive growth of Bitcoin’s adoption curve, driven by its limited supply of just 21 million BTC and ever-increasing demand. This growth is a crucial factor for investors to understand, as it illustrates the potential long-term benefits of holding Bitcoin. However, it also underscores the importance of being aware of market cycles, as buying during market cycle peaks can lead to extended declines, historically lasting 2-3 years.
However, this data contradicts the prevailing narrative that Bitcoin may be too risky for investors to buy and hold for the long term. Instead, it demonstrates the significant rewards of long-term investment in Bitcoin, highlighting its use as a reliable store of value.
For those trying to calculate where Bitcoin’s price might go in the future, this indicator shows how Bitcoin’s value has accelerated as it gains global traction. As adoption and interest continue to rise, the percentage of profitable days is expected to increase and may exceed 99% in the future.
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