Bitcoin trading has been a lucrative venture for investors, with an impressive 98% profitability rate over the past 5,200 days. This data, sourced from Newedge, highlights the consistent growth and value of Bitcoin as a long-term asset. Out of 5,213 trading days since its inception, Bitcoin has shown profitable returns on 5,134 days, demonstrating its resilience and appeal to investors.
Further supporting this trend, data from CryptoQuant reveals that approximately 90% of the current Bitcoin supply is in profit. This statistic aligns with Bitcoin’s recent surge towards $70,000, solidifying its position as the leading digital asset in the market.
The widespread profitability of holding Bitcoin underscores its reliability as a long-term investment option. Despite occasional price fluctuations, Bitcoin has consistently rebounded and surpassed previous highs. This trend can be attributed to various factors, including increasing institutional adoption through investment vehicles like Bitcoin ETFs and its recognition as a store of value and hedge against inflation.
As Bitcoin continues to gain traction in the financial world, its profitability and stability make it an appealing choice for both seasoned and new investors. With a track record of success and a promising outlook for the future, Bitcoin remains a top contender in the world of digital assets.