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Tuesday, May 16, 2017

Simply WOW: $10,000 Bitcoin Investment in 2010 Now Worth $200 Million, Gold $9,900

Simply WOW: $10,000 Bitcoin Investment in 2010 Now Worth $200 Million, Gold $9,900

Both Bitcoin and gold are considered prominent stores of value and safe haven assets. However, over the past seven years, one experienced a meteoric rise in terms of market cap, user base and value, while the other failed to live up to the expectations of its investors.

On May 13, StockTwits, the world’s largest financial communications platform for the investing community, revealed one of its users’ growth chart comparing various currencies, bonds and assets. In it, a StockTwits user by the name of Charlie Bilello noted that a $10,000 investment in Bitcoin made in July 2010 would have earned investors a $200 mln return.

To be exact, a Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln.

In contrast, an investor who purchased $10,000 worth of gold in 2010 would have experienced a negative return of $9,981.

Full story at http://bit.ly/2qm5tUM

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