Rajarshi Mitra
Independent Analyst
- The news network reviewed the performance of investments over the past decade.
- Bitcoin overshadowed other investments like the stock market, bonds and gold.
According to a new study by mainstream American news network CNN, Bitcoin is by far the most profitable asset class of this decade. The news network reviewed the performance of investments over the past decade to come to this conclusion. USD 1, if invested at the beginning of this decade, would be USD 90,000 today, while an investment of just USD 11.12 would have become a million.
Bitcoin easily overshadowed the other competing assets. The stock market was in a bull market for the last ten years and yet USD 1 invested into American stocks only grew into USD 3.46. On the other hand, USD 1 invested into bonds would have grown into USD 2.08. People usually favor bonds as they are safer investments than Bitcoin. Looking at more traditional assets like gold and petrol, USD 1 can only grow to USD 1.34 while oil dropped from USD 1 to USD 0.74.
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