February 1, 2023

Bank of America recognized Bitcoin as the most profitable asset in 10 years

Bank of America recognized Bitcoin as the most profitable asset in 10 years

Throughout the world, micro- and macro-investors have a different opinion about Bitcoin, especially about whether to consider leading cryptocurrency full asset.

However, whatever the opinions, rating is more importantthe best and worst assets of the past decade, cited by Bank of America Merrill Lynch, also known as BofA Securities.

So, the bank recognized Bitcoin (BTC) as the best asset of the last decade, as analyst at the institution Carl Quintanilla tweeted about it:

As Quintanilla explained, $ 1 invested in bitcoinin 2010, today it would cost about $ 90,026. For comparison, the Kyat currency of Myanmar, the least productive fiat currency for this period, would have lost in 2020 at the current price of $ 0.004.

It should be noted that the same amount invested in US stocks today would give a return of $ 3.46 (the average market performance was taken into account).

Undoubtedly, such an estimate shows how farBitcoin has advanced in just ten years after entering the world stage. From an online currency known only to geeks, it has grown to a complete investment tool that attracts even institutional investors.

Although past results do not guarantee the futuregrowth, amid economic uncertainty and efforts to regulate the industry, bitcoin will enter the next decade with more rocket fuel for new growth.

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