Bitcoin was the best investment of the decade – My Comments
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[I spotted this in a write up on a website. But you will notice how, in the MSM that everyone is saying that Bitcoin is dead, etc. The RICH are buying into bitoin, while telling the rest of us: No, this is a piece of shit.
Bitcoin was the best investment of the decade
A new report from Bank of America Securities has named Bitcoin the best investment of the decade, beating out competition from stocks, bonds, commodities, and fiat currencies worldwide.
The report found that a measly $1 investment in Bitcoin at the start of 2010 would be worth more than $90,000 today (at its current valuation of $7,000). An incredible return for any early hodlers! Here’s to 2030’s article announcing similar returns.
Although Bitcoin has been the star investment of the 2010s, there was worse news if you went all in on Myanmar’s local currency, the kyat. Following 10 years of ethnic conflicts, violence and instability, a dollar invested in a kyat at the start of 2010 is worth just 4 tenths of one US cent today. The Greek equity market has fared little better, with $1 invested a decade ago now worth only 7 cents. Ouch.
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