Summary
A Bitcoin is a unit of value on a decentralized, public ledger called a blockchain.
The first entry in this ledger was created in 2009, after the first version of the underlying software
was released.
The software, and the theory behind it, were created by one or more anonymous people using the
name Satoshi Nakamoto.
Today, the software is an independent, open source project with contributors from around the world.
Experts are divided on whether you should invest in Bitcoin.
Since it doesn't produce anything—like gold—experts like Warren Buffett refuse to invest in it.
Others see it as the ideal money or store of value, superior to gold in terms of divisibility, ease of transfer, safety, supply, ....
A prominent threat is that many countries have banned its use, including three of the top ten economies.
While government bans may not stop Bitcoin transactions or mining, they can diminish demand, and price, for the coins.
Day-to-day fluctuations in Bitcoin’s price have historically been erratic.
However, a four-year cycle has proven repeatable thus far.
See our thoughts on Bitcoin.
For more information about Bitcoin and other cryptos, check out the book
Catching Up to Crypto.
Historical mean annual return: 560.8%
Min / max annual return: -76.7% / 4500%
Last 10 years mean annual return: 156.4%
Last 5 years mean annual return: 104.6%
Table of total yearly returns of bitcoin
| Year | Return [%] |
|---|
| 2023 | 155.9 |
| 2022 | -65.1 |
| 2021 | 39.8 |
| 2020 | 302.8 |
| 2019 | 89.5 |
| 2018 | -72.2 |
| 2017 | 959.2 |
| 2016 | 161.1 |
| 2015 | 69.3 |
| 2014 | -76.7 |
| 2013 | 4500 |
| 2012 | 272.4 |
| 2011 | 953.8 |
|
|
Click here for other historical returns.
If you're happy with the content you've found here or are willing to contribute, we could
really use the help. You can donate Bitcoin or Ether to the wallet addresses below to support us.
Bitcoin: bc1q9zhm7n57984mdrwkuz3d2yr6pu2psmh4kjqege
Ethereum: 0xC98F101736876A007659b6018e11432e3dc15495
|
