according to Bitcoin Magazine Pro Holding Bitcoin has been profitable for 98.5% of its existence, according to the data: Of the past 5,096 days since Bitcoin trading began, holding BTC has been profitable for 5,020 days, according to the data, at the current price of about $66,500 per BTC.
Since August 17, 2010, when Bitcoin was priced at just $0.07, its value has skyrocketed to around $66,500, a staggering increase of 94,999,900%. This consistent upward trend highlights Bitcoin’s sustained growth and increasing adoption over time.
Bitcoin Magazine Pro’s chart highlights the exponential growth of Bitcoin’s adoption curve, driven by a limited supply of just 21 million BTC and ever-increasing demand. This growth is an important factor for investors to understand, as it shows the potential long-term benefits of holding Bitcoin. However, it also highlights the importance of awareness of market cycles, as buying at the peak of a market cycle can lead to prolonged drawdowns that have historically lasted 2-3 years.
However, this data refutes the mainstream view that Bitcoin is too risky for investors to hold long term. Rather, it demonstrates that long-term investments in Bitcoin can bring significant rewards and provides a case for its use as a reliable store of value.
For those trying to calculate where Bitcoin’s price will go in the future, this metric shows that its value is accelerating as it gains global adoption. As adoption and interest continue to grow, the percentage of profitable days will increase and could exceed 99% in the future.
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