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Bitcoin Could Be Better Investment Than Top Stocks in 2020s: Trader

Tue, 12/24/2019 - 07:38
Alex Dovbnya
Bitcoin turned out to be a much better investment than Netflix, Amazon, Nike as well as other top-performing stocks in the 2010s, and it could continue outperforming them
Cover image via 123rf.com

For the first time in history, the US is about to finish an entire decade without a recession, and some of the stock market darlings had enormous returns during the dawning 2010s.

Buy High: Bitcoin (BTC) Compared to Cannabis Stocks by Fundstrat's Tom Lee

According to Bloomberg's anchor Jon Erlichman, Netflix leads the pack, gaining an eye-popping 4,177 percent since 2010. Amazon and Mastercard have also generated stellar returns for its investors, proving stock market doomsayers wrong.

However, none of these companies came even close to Bitcoin whose monstrous growth turned out to be one of the biggest stories of the 2010s. The top cryptocurrency is up by around 8.9 mln percent. As reported by U.Today, BTC was named the best-performing assets of the entire decade by Bank of American Merrill Lynch (BAML).    

While the future of Bitcoin remains murky, it's not far-fetched to predict that BTC could potentially outperform US stocks in the 2020s as well. Trader Josh Rager believes that even those who buy Bitcoin in the $7,000 region could potentially see their investment rise by more than 1,000 percent in a couple of years. Bitcoin would need to reach $100,000 to become the success story of the next decade. 

Bitcoin Price Could Continue Surging if $6,500 Bottom Holds: Trading Legend Peter Brandt

Peter Brandt, Tim Draper, and even Ross Ulbricht have all predicted that Bitcoin could surge above the aforementioned level after the halvening.   


About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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