According to Bitcoin Magazine Pro data, owning Bitcoin has been profitable for 98.5% of its existence. The data reveals that of the last 5,096 days since Bitcoin trading began, owning BTC has been profitable for 5,020 days at its current price of ~$66,500 per BTC.
Since August 17, 2010, when Bitcoin was worth just $0.07, its value has skyrocketed to approximately $66,500, representing an astonishing 94,999,900% increase. This consistent upward trend highlights Bitcoin’s continued growth and increasing adoption over time.
The Bitcoin Magazine Pro chart highlights the aggressive growth of Bitcoin’s adoption curve, driven by its limited supply of just 21 million BTC and ever-increasing demand. This growth is a critical factor for investors to understand, as it demonstrates the potential long-term benefits of owning Bitcoin. However, it also highlights the importance of market cycle awareness, as buying during market cycle crests can lead to prolonged declines, which historically last 2-3 years.
However, this data refutes the common narrative that Bitcoin may be too risky for investors to buy and hold long-term. Instead, it shows the significant rewards of investing in Bitcoin long-term, and demonstrates its use case as a reliable store of value.
For those trying to calculate where Bitcoin’s price might go in the future, this indicator shows how Bitcoin’s value has accelerated as it gains popularity around the world. As adoption and interest continue to grow, the percentage of profitable days is expected to increase, potentially exceeding 99% in the future.
For more detailed information, insights, and to sign up for a free trial to access Bitcoin Magazine Pro’s data and analytics, visit the official website here.