Altcoin News: Bitcoin Overshadows Performance of All IT Companies Since 2010

August 28, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Investments in Bitcoin since the start of public cryptocurrency trading have repeatedly exceeded even the most successful investments in IT companies in terms of profitability, draws the attention of the CEO of Block Journal portal under the nickname Crypto Godfather on Twitter.

Data on changes in the Bitcoin exchange rate has been available since March 2010, when the BitcoinMarket.com trading platform, which has ceased to exist today, was launched, the Cointelegraph writes. The price of the cryptocurrency at that time was $0.003. Thus, at today’s exchange rate above $10,000, growth was 338,433,233%.

Over the same period, even the most successful growth platform for advertising on The Trade Desk network rose “only” by 1,317%.

Internet firms’ performance since ICO listing. Source: @CryptoGodfather

CoinMarketCap captures the behavior of the Bitcoin market since April 2013. Relative to this time, the growth of Bitcoin is 7,420%, and from the minimum of BitcoinMarket.com to a historical maximum of about $20,000–666 666 567%.

In June, it was noticed that the Grayscale asset management company’s BTC trust in terms of growth outperformed gold, the dollar, oil, the S&P 500 and Bitcoin itself.

Author: Marko Vidrih