Is Bitcoin the Greatest Wealth Generator of Our Time?
The post Is Bitcoin the Greatest Wealth Generator of Our Time? appeared on BitcoinEthereumNews.com.
On December 5, 2024, Bitcoin hit $100,000, marking a significant moment in wealth creation. Early investors saw their holdings turn into vast fortunes, with some becoming millionaires and even billionaires in a short time. A study by NFT Evening highlights Bitcoin’s incredible impact on personal wealth. As BTC crossed the $100,000 mark, it created 14,211 new millionaires in just one day. Compared to traditional stocks, these returns are achieved much faster. Stock investors often wait decades to see similar gains. Moreover, Bitcoin’s rise also minted four new billionaires, proving its unique power to build generational wealth. The Bitcoin Wealth Amassing Formula As per this study, people who invest in Bitcoin become millionaires approximately 22 times faster than those who invest in stocks. When investing $4,000 in Bitcoin in 2010, the ultimate value would amount to $1 million in 3,775 days – or approximately 10.3 years. – Advertisement – The same amount redirected to blue-chip stocks would return $45,000 within the same period. This stark contrast further cements Bitcoin as the king in terms of wealth creation. The probability of becoming a bitcoin billionaire is even more compressed in time. Starting with only $30,500 in early 2011, an individual could become a Bitcoin billionaire by late 2023. This is in just under 13 years. That makes it 1,064 times faster than conventional stock investors, who even with similar portfolios would be far from achieving $1 million by then. Bitcoin Outshines Blue-chip Stocks Bitcoin’s performance has far surpassed even the most celebrated tech giants. From 2010 to 2020, Bitcoin delivered returns 20 times greater than Apple, nine times higher than Nvidia, and four times Tesla’s gains during the same period. BTC Vs. Blue Chip Stocks Profitability Between 2010-2020: Source| NFT Evening The disparity becomes even more striking when viewed over the long…
