To this day, the emergence and meteoric boost of Bitcoinย (BTC) persistsย to captivate the world of investing and finance, standing as one of the most unprecedented events in recent history.
Nonetheless, numerous are not entirely aware of how extraordinary BTCโs price growth essentially was, seeingย as that the digitalย currency was launched just 14 years ago. So letโs put it into numbers.
On Friday, May 26, prominent investor and market strategist Charlie Bilello posted a tweet, showing BTCโs price profits over the last 10 years, compared to price increases recorded by some of the worldโs largest and most blue-chip stocks, such as Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), and Amazon (NASDAQ: AMZN), between others.
The tweet shows that Bitcoinย (BTC) topped that list by some distance, raking in price profits of a whopping 19,968%, followed by Nvidia with 11,145%.ย
The gap gets even wider as the list progresses, with AMD (NASDAQ: AMD), Tesla,ย Inc. (NASDAQ: TSLA), and Apple stocks growing 2,896%, 2,884%, and 2,884 percent during that period, respectively. The likes of Microsoft, Facebook (NASDAQ: META), and Google (NASDAQ: GOOGL) saw their share price soar by 1,047%, 908%, and 459%, respectively.
Bitcoin should be substantiallyย greater atย thisย time, analysts say
Inย theย meantime, the price of gold โ the safe-haven investment thatโs considered a store of value and hedge against inflation, climbed just 34 percent in the past 10 years.
Earlier thisย comingย week, JPMorgan strategists wrote in a note to clients that goldโs current price impliesย that Bitcoinย (BTC) should be trading significantly higher, citing views by some investors that the two assets are interchangeable.ย
More inย particular, Bitcoinโs price should be somewhere around $45,000, which is approximately 70 percent higher than the digitalย currencyโs present price level of $26,452, the bankโs analysts stated in a note published on May 24.ย
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