According 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 trading began, holding btc has been profitable for 5,020 days relative to the current price of ~$66,500 per btc.
Since August 17, 2010, when bitcoin was priced at just $0.07, its value has skyrocketed to around $66,500, representing a staggering increase of 94,999,900%. This steady upward trajectory highlights bitcoin’s sustained growth and increasing adoption over time.
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bitcoin Magazine Pro’s chart 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 critical factor for investors to understand, as it demonstrates the potential long-term benefits of holding bitcoin. However, it also emphasizes the importance of staying aware of the market cycle, as buying during market cycle peaks can lead to prolonged declines, historically lasting 2-3 years.
However, this data contradicts the widely held view 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, showcasing its use as a reliable store of value.
For those trying to gauge where the bitcoin price may trend in the future, this indicator shows how the value of bitcoin has accelerated as it gains global traction. As adoption and interest continue to increase, the percentage of profitable days is expected to increase and potentially surpass 99% in the future.
For more detailed information, insights, and to sign up for a free trial to access bitcoin Magazine Pro data and analysis, visit the official website. here.
