Bitcoin trades boast 98% profitability over the past 5,200 days

Bitcoin trades boast 98% profitability over the past 5,200 days
фото показано с : cryptoslate.com

2024-10-24 16:05

Bitcoin has consistently proven to be a valuable long-term asset, with the vast majority of days showing profitable returns for investors.

According to data from Newedge, Bitcoin has been profitable on 5,134 out of 5,213 trading days since its creation. This represents 98.48% of all days, underlining the consistent growth of BTC’s value over time.

BTC Profitable Days (Source: Newedge)

Further analysis from CryptoQuant’s data supports this, showing that around 90% of the current Bitcoin supply is in profit. This can be linked to the flagship digital asset’s upward march toward $70,000.

Bitcoin Supply in Profit (Source: CryptoQuant)

The widespread profitability of holding the top digital asset emphasizes its resilience and appeal as a long-term investment option.

Despite its occasional price swings, BTC has repeatedly demonstrated an ability to rebound and surpass previous highs. Several factors likely drive this trend, including the rising institutional adoption through investment vehicles like Bitcoin ETFs and increasing recognition as a reliable store of value and hedge against inflation.

The post Bitcoin trades boast 98% profitability over the past 5,200 days appeared first on CryptoSlate.

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days bitcoin profitable returns investors according data

Источник: cryptoslate.com

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