If you invested in Bitcoin two years ago chances are your spending your returns to travel the world, eat out at expensive restaurants, buying holiday homes around the world or making further investments.
In the last two years alone Bitcoin has made a return of more than 457%, outperforming the S&P 500, oil, gold and the Dow Jones. To Put things into perspective for you, below is what the other investments would have made you over the same two-year period.
- S&P 500 – 19.9%
- Gold – 1.3%
- Oil – 31%
- Dow Jones – 26%
- Bitcoin – 457%
These large returns are due to the volatile nature of Bitcoin, and this is what is needed for it to positively perform.
As Fundstrats Tom Lee explains
“Bitcoin’s annual gains tend to involve the ten best trading days of the year. The Dow, which experienced its biggest one-day gain ever of 1,086 points at year-end 2018, is boring by way of comparison”.