Investors reaped higher returns from Bitcoin than the stock market for eight out of the past 10 years, data from YCharts shows.
Charlie Bilello, founder and CEO of Compound Capital Advisors, shared data from YCharts yesterday that showed how Bitcoin brought investors astonishing returns when stacked up against other asset classes, such as the stock market, bonds, gold and the US dollar.
In 2013, investors took home a 5,507% return on their Bitcoin investment. Cumulative returns, which track the total profit for the entire ten years, was 6,271,233%—more than six million percent.
(In part, the huge sum is because a decade ago, Bitcoin only cost a few dollars.) The next highest index, the Nasdaq 100, increased by 512.5%.