Within an eight-year timeframe, Bitcoin generated returns exceeding seven times those of gold and surpassing eight times the returns of stocks.
DCA (dollar cost averaging) is a good option for both beginners and experts, but it isn’t without faults.
It’s the preferred investment strategy for a majority of crypto investors, with 59% utilizing it as their primary approach.
With the price of Bitcoin hovering around 93k, there isn’t a shortage of conversations about its consistently rising value. So what if you jumped on board in 2017 and DCA-ed (consistently investing a predetermined sum of money in a specific asset, irrespective of its current market price) $25 every week?
Spoiler alert: you’d have a whole lot of money now. What’s more, in those 8 years, Bitcoin would surpass gold and stocks in ROI.
Let’s break it down. Starting in 2017, if you DCA-ed $25 a week, you’d now have approximately a $10,450 investment. As such, your investment would return roughly $16,946.00 in gold or around $15,358.23 in stocks.
However, for Bitcoin, it would be a whopping $133,689.39! That’s 8 times more than the returns of stocks and 7 times more comp…
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