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If you were fortunate enough to invest $1,000 in Bitcoin (CRYPTO: BTC) a decade ago on Sept. 3, 2016, you would have roughly $126,810 today — an incredible return that absolutely crushed the market. Take a look at that incredible growth in the chart below:
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Note that the calculation excludes trading fees and taxes, and the exact total fluctuates daily with Bitcoin’s price. Still, turning four figures into six figures in one decade is a remarkable result by any standard.
Bitcoin’s 62% annualized return beat every mainstream asset since 2016
That’s putting it lightly. Few things came remotely close to a 12,581% return — a 62% annual rate — in that time. Compare Bitcoin’s annual rate of return with some other options you would have had in 2016.
Wall Street now holds Bitcoin despite a decade of major crashes
Bitcoin suffered some brutal drawdowns along the way, and most investors jumped ship. It wasn’t easy to hold on after a 70% crash while the “smart money” said to stay far away from Bitcoin.
Things have changed. Major institutions across Wall Street now hold Bitcoin. Motley Fool Research tracks major Bitcoin holdings by governments, public companies, and exchange-traded funds.
Of course, the flip side of that adoption is that it’s highly unlikely we’ll see returns in the future that come close to what we saw in the past. Still, I think Bitcoin is a smart addition as a small portion of a well-balanced portfolio.
Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $421,997!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,413,876!*
That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul.
Source: finance.yahoo.com