Bitcoin Turns in Top Performance of the Decade, Beating 3,726% Growth at Netflix
Massive volatility remains a hallmark of Bitcoin and cryptocurrencies, bringing epic gains and crushing losses.
In spite of windfalls and wipe-outs, Bitcoin tops the list as the best performing asset of the year. It also takes top honors for the decade, beating high-performing stocks and other asset classes.
Netflix topped the list of S&P 500 stocks as the best performer with a return of 3,726%.
That figure pales in comparison to Bitcoin. Early investors watched BTC climb in 2010 from nothing to one cent. It’s now worth $7,216, according to price tracker CoinMarketCap, up 53,434% in the past seven years alone.
Crypt investors who are stuck in the losing zone typically bought BTC and other digital assets during bull runs that were followed by major corrections. Values plunged as much as 99% or hit complete extinction.
The cryptosphere still sports a number of leading cryptocurrencies that surged to all-time highs during the last bull run that began at the end of 2017 – but are nowhere near recovery.
Charlie Bilello, head researcher at investment advisor firm Pension Partners, tracks some of the biggest declines.
Crypto, % Below all-time high…BitConnect: -100% ICON: -99% Bitcoin Gold: -99% Qtum: -98% NEM: -98% Lisk: -98% Cardano: -97% Dash: -97% Zcash: -97% IOTA: -96% NEO: -95% TRON: -95% Bitcoin Cash: -95% XRP: -94% Ethereum: -89% Monero: -89% EOS: -88% Litecoin: -88% Bitcoin: -62%
Citing Bank of America’s list of the best and worst asset classes of the decade, CNBC anchor Carl Quintanilla highlights Bitcoin’s sky-high performance for early investors and long-term holders.Best: Bitcoin $1 in 2010 = $90,026 today Worst: Myanmar Kyat $1 in 2010 = $0.004 (spot) today. (For comparison: US equities $1 in 2010 = $3.46 today)