🚀 Bitcoin has taken the investing world by storm in the last 10 years, as it has grown by 12,590%!
😱 For those who invested just $10,000, this asset has turned their capital into $1.27 million. Now compare this to traditional investments - for example, the same money in the S&P 500 index would have given only $28,000. The difference is shocking, isn't it?
So what makes Bitcoin such a powerful asset?
🔑 Firstly, its mining through the Proof of Work (PoW) system becomes more difficult every 4 years due to a process called "halving". This mechanism limits the supply, and ultimately, the last Bitcoin will not be mined until 2140. Like gold, Bitcoin has a limited supply, and this gives it value.
But this is not the only thing that makes Bitcoin attractive. The SEC (US Securities and Exchange Commission) recognized it as a commodity and not a security, which was a huge step towards its recognition as a global financial asset. Bitcoin is now traded through an ETF, making it accessible to a wide range of investors.
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