Bitcoin has been a good investment 98,2 percent of the days since its creation

Bitcoin has been a good investment 98,2 percent of the days since its creation

Image source: Trijo News / Shutterstock

Teodor Stig-Matz

teodor.matz@trijo.co

December 2017 was one of the few times bitcoin was a bad investment.

Bitcoin as an investment has gained a profit of 98.2 percent of the days since the cryptocurrency was created, numbers from Holdcalc.com shows.

Bitcoin’s genesis block was hashed on January 3, 2009. Of the 3,830 days since then, bitcoin has been a good investment for 3,671 days.

Bad investment in December 2017

In addition to a couple of days in the past week, when bitcoin reached $13,000, the cryptocurrency has only been a bad investment during the historic bull run of December 2017, as well as most of January 2018, Cointelegraph reports.

If bitcoin will continue the positive trend shown in 2019 remains to be seen. Some analysts believe the cryptocurrency can reach as high as $100,000.

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