Since 2010, Bitcoin has bypassed the leading IT companies

According to Satoshi Nakamoto's white paper, bitcoin is primarily a payment method, but this did not stop him from demonstrating breathtaking profitability.

So, according to the CEO of the online journal Block Journal under the pseudonym Crypto Godfather, in terms of this indicator, bitcoin since the start of trading in 2010 has significantly exceeded even the most successful investments in IT companies that have gone public IPO.

2010 to 2019

Bitcoin: + 10,000,000%

Stocks: pic.twitter.com/9wwe7Tm5Od

– Crypto Godfather (@CryptoGodfatha) August 28, 2019

As the Cointelegraph notes, data on changes in the price of bitcoin has been available since March 2010, when the now defunct trading platform BitcoinMarket.com was launched. Then the first cryptocurrency cost about $ 0.003. Thus, at the current exchange rate above $ 10,000, growth, according to the publication, amounted to 338,433,233%.

For comparison, the same indicator of the online advertising giant The Trade Desk is 1,317%.

Note that the author of the Crypto Godfather chart indicates slightly different profitability indicators – 10,000,000%, which, however, does not detract from them at all.

The publication also notes that the analytical resource CoinMarketCap has been tracking price changes in bitcoin since April 2013. Relative to this date, the growth of Bitcoin is 7,420%, and from the minimum of BitcoinMarket.com to the historical maximum recorded in December 2017, about $ 20,000 – 666 666 567%.

Recall, on the eve of the founder and CEO of the consulting company deVere Group Nigel Green said that there is growing recognition in the world that cryptocurrencies are not only the future of money, but also more and more money today. In his opinion, this will be reflected in the new normal minimum price of bitcoin at the level of $ 10,000.

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