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Industry News from Cryptotabbrowser.site
Despite the recent fluctuations in the Bitcoin rate, its position in the market remains strong and allows us to make positive forecasts. In particular, it can be expected that in the nearest future people will hold Bitcoin instead of investing in stocks, bonds, or real estate.
Pierre Rochard, a market analyst and Bitcoin advocate, stated: “In the future, most people will just hold Bitcoin instead of investing in stocks, bonds, or real estate. Normal people don’t want to spend time investing; they just want to hold money. Only those actually interested in investing will engage in it.” This is something to ponder over!
We recall that most recently we have witnessed a Bitcoin 12% price plunge. A lot of new traders who have just joined the market are not used to its volatility. But long-term Bitcoin holders see the present pullback as the perfect opportunity to accumulate more BTC. The founders of leading on-chain data provider Glassnode said that they remain optimistic as strong BTC support has formed at around $55,000.
Let's take a quick look at the statistics. Over the past 10 years, BTC has been a best-performing asset and has produced an average annualized return of 230% — more than 10 times higher than the second-ranked asset class. Since 2011, BTC’s cumulative gains equal to 20,000,000%. The data also shows that Bitcoin has only posted an annualized loss for two years of its history—in 2014 and 2018. Since the beginning of 2021, BTC has grown by 108%. Impressive, right?
In conclusion, we’d like to say that we are entering an era where institutions are starting to turn to BTC, more and more funds and individuals are beginning to show an interest and learn about Bitcoin. Today it is driven less by hype and more by BTC being accepted in the traditional financial world.
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