$1 Bitcoin 10-year investment would return $183 million with Gold generating $1.58
July 27, 2020 (Investorideas.com Newswire) Data gathered Buy Shares indicates that $1 invested in Bitcoin over ten years ago would have a staggering return of $183,617.32 today. Compared to Gold, investors would have returns of $1.58 from $1 over the same period.
Gold returns remain fairly constant
According to the data, $1 invested in Bitcoin nine years ago would have generated $682.37 as of today. The returns would be $1,113.54 after a dollar investment eight years ago. The Buy Shares research overviewed returns from 6th October 2009 and July 27th, 2020. The lowest returns would have been recorded in investment from a year ago at $0.98.
For Gold, the returns have remained fairly constant over the same period averaging at $1.44. Gold's highest return on a single dollar would have been recorded five years ago at $1.75. One year ago, the dollar investment in Gold would have generated an additional $0.33.
The precious metal's lowest returns would have been after nine-year investment at $1.19 a slight drop from year eight profit of $1.20. Overall, Bitcoin's returns from $1 are 116,213 times higher than Gold's.
From the data, it is clear that Bitcoin has better returns compared to Gold despite a short period of existence. According to Buy Shares report:
"Despite, the digital asset having an upper in terms of returns, replacing Gold is not a walk in the park. Gold has been around for decades than bitcoin. Over the years, Gold has remained lucrative while in the ten life span of Bitcoin, volatility has been a major issue. Gold's value has been residing in an established history of commercial usage due to its anti-corrosive or conductive properties. For Bitcoin, the value resides in both the future value of online transactions conducted through its networks, but also in a sense of belief that eventually."
Bitcoin's price has been growing while Gold has remained constant. Ten years ago, the Bitcoin value was $0.05200 while Gold stood at $1,199. Based on Buy Shares calculations, Bitcoin's highest price which was recorded a year ago at $9,793 represented a percentage difference of 149.15% compared to Gold's $1,426.
Gold's lowest price was during after the five-year investment mark at $1,084 while Bitcoin stood at $289.3.
The full story, statistics and information can be found here: https://buyshares.co.uk/1-bitcoin-10-year-investment-would-return-183-million-with-gold-generating-1-58/
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
