BTC
December 19, 202417:30 UTC
With Bitcoin (BTCUSD) recently hitting the $100,000 milestone, cryptocurrencies have once again demonstrated their unique ability to generate wealth. A new report shows the growth rate of Bitcoin millionaires compared to those investing in stocks.
This critical moment, covered by NFTEvening and Storible, among others, explores Bitcoin’s wealth-creating capabilities compared to traditional investments like stocks.
Report Shows Massive Wealth Created By Bitcoin
Bitcoin has crossed the $100,000 mark, creating a staggering number of new millionaires and billionaires. In a recent study by NFTEvening and Storible, researchers tracked over 17,000 Bitcoin wallets with balances exceeding $1 million on Dune Analytics.
The research focused specifically on portfolios that built wealth gradually, excluding those with starting balances of more than $1 million or investments of more than $100,000. This was to ensure the focus was on individual investors rather than institutional players. The results showed:
14,211 New Bitcoin Millionaires: Over 14,000 individuals have seen their investments balloon to millionaire status as Bitcoin crosses the $100,000 barrier.
4 New Bitcoin Billionaires: Four lucky investors have joined the ranks of billionaires, highlighting Bitcoin’s potential for massive financial growth.
To illustrate Bitcoin’s performance, analysts compared equivalent investments in major stocks by market cap over the same period. The statistics were astonishing when comparing the speed of Bitcoin’s wealth creation to that of blue-chip stocks. According to the report:
Creating Millionaires: With a $4,000 investment, it typically takes Bitcoin investors 10.3 years (or 3,775 days) to reach millionaire status. That’s a 250X return on investment since 2010. In contrast, the same investment in blue-chip stocks over the same period would only grow to $45,000—a fraction of Bitcoin’s potential.
These findings further highlight the stark contrast between Bitcoin and traditional investment vehicles. However, the research did not stop there. It continued to compare Bitcoin with market leaders.
Bitcoin Returns Outperform Apple, Nvidia, Tesla Since 2010
When compared to the top 10 stocks by market cap, Bitcoin outperforms even the most successful companies. Specifically:
2010-2020 Returns: Bitcoin delivered 20X Apple, 9X Nvidia, and 4X Tesla.
2010-present returns: Bitcoin's ROI is 76,378X that of Apple, 6,062X that of Nvidia, and 9,103X that of Tesla.
*
This finding is consistent with a recent survey by ReviewExchanges on how U.S. investors are responding to Bitcoin hitting the $100,000 mark. As BeInCrypto reported, 72% of respondents see cryptocurrencies as a major investment in the future. This panel cited optimism around Bitcoin ETFs, political shifts, and growing public acceptance.
In contrast, 83% of investors reported making less than $10,000. At the same time, 79% of cryptocurrency holders admitted to missing out on significant gains during this bull run. This highlights the importance of timing in cryptocurrency investing, reflecting how late entry into the market or small initial investments cost investors potential gains.
However, investors should avoid relying solely on surveys and instead conduct thorough research to make informed decisions. Amid growing traction and rapid mainstream adoption, Bitcoin and cryptocurrencies appear poised to continue reshaping wealth distribution.
*
At the time of writing, Bitcoin was trading at $102,496. This represents a slight decline of about 2% since the opening of Thursday’s session, as crypto markets react to the Federal Reserve’s latest interest rate decision.