Bitcoin Is Going to Hundreds of Thousands Of Dollars.
It’s a bold claim. Here’s why we should take it seriously.
Claims that Bitcoin will change hands for thousands or even millions of dollars have been made almost since the day of its inception and, so far at least, it hasn’t happened.
In other words, we have a 100% failure rate of these claims coming true.
But Bitcoin has been the world’s best performing asset for some ten years now, with an average compound annual growth return of 67.91% since 2013 (source: lazyportolioetf.com) far surpassing literally every other asset on the planet.
Go back to Bitcoin's beginning and that average annual return jumps to around 200% a year — numbers that are almost too incredible to believe.
Yet, as unlikely as it sounds, it’s true.
So does past performance allow us to open our minds to the possibilities that lay ahead or does it simply mean that Bitcoin’s best days are behind it in terms of dollar returns?
As incredible as it seems, I would argue that we’ve barely begun.
A word of warning
Of course, as a long term Bitcoiner, the actual dollar price is largely irrelevant to me, but if you’re looking to measure your net…
