The price of Bitcoin (BTC) often defies expectations, especially so when it became the best performing asset from 2011 to 2021 — after launching in January 2009.
“Since 2011, Bitcoin’s cumulative gains have exceeded 20,000,000%, far outpacing the cumulative gains of the Nasdaq 100 and US Large Caps, which recorded returns of 541% and 282%, respectively,” stated Benzinga.
Thanks to the cap on the cryptocurrency’s coin supply, it is a scarce and admired digital asset that is likely to have value over time.
If Bitcoin continues to grow at even a fraction of the pace it has since launching, the profits for long-term crypto investors would outpace that of most other asset classes. Furthermore, if the stock-to-flow model remains accurate, then BTC would reach the $100,000 mark in the near future. However, past performance does not indicate future results, and it’s possible that models like these can break down.