RATE Group | Bitcoin named the best investment asset of the decade
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Bitcoin named the best investment asset of the decade

16 Dec Bitcoin named the best investment asset of the decade

Posted at 11:03h in Bitcoin News by

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  • Bank of America Merrill Lynch names Bitcoin the best asset of the recent ten years.
  • BTC/USD is locked in a tight range above the psychological $7,000.

The US-based Bank of America Merrill Lynch believes that Bitcoin (BTC) is the best investment asset of the past ten years based on total investment return.

According to the financial giant, one US dollar invested in Bitcoin in 2010 would have brought $90,026 today. Notably, the American stock market’s would have earned  $3,46 for each invested dollar during the same ten years.

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While the first cryptocurrency has lost about two-thirds of its peak value, $19,811 reached in December 2017, cryptocurrency enthusiasts believe that we are just at the very beginning of a massive bullish trend that will take us much above $20,000 towards new record highs.  

Recently, the founder of Silk Road, an online black market, Ross Ulbricht, said that Bitcoin might reach $100,000.

BTC/USD: the technical picture

Meanwhile,…

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