Suche
Mein Konto
Bitcoin performance since 2014: Over 10,000 euros to 1,067,090 euros
Discover Bitcoin's impressive development since 2014! What happened to 10,000 euros and why? Find out more about the background in this exciting article. 🚀💰 #BitcoinPerformance #Cryptocurrency #Investing
Bitcoin performance since 2014: Over 10,000 euros to 1,067,090 euros
Bitcoin has undergone remarkable development since its launch in 2009. The cryptocurrency is popular with many investors due to its exceptional long-term performance. Bitcoin was originally described in a white paper by a person or group under the pseudonym Satoshi Nakamoto during the 2008 financial crisis. The goal was to create a decentralized payment system that would serve as an alternative to the endangered banking system.
The blockchain forms the basis for Bitcoin, a decentralized database on which all transactions are stored transparently and immutably. With a maximum total amount of 21 million, Bitcoin is intended to serve as a store of value, similar to gold, and offer protection against inflation. These characteristics have led to Bitcoin being often referred to as digital gold, even though it does not physically exist.
Bitcoin's price depends solely on demand developments, and the recent increase could be linked to geopolitical conflicts and their impact on government finances. More and more asset managers and pension funds are integrating Bitcoins into their portfolios, which is increasing the attractiveness of the cryptocurrency. Although Bitcoin is currently not widely accepted as a means of payment, acceptance is steadily increasing.
Investors looking to invest in cryptocurrencies can look at ETC Group's ETPs (exchange-traded products), which are secured like Xetra Gold. One example is ETC Group Physical Bitcoin, a bearer bond secured by Bitcoin that tracks Bitcoin price developments similar to an ETF. Since the beginning of 2014, the price of Bitcoin has increased by 10,571 percent. An investment of 10,000 euros back then would be worth over 1,067,090 euros today, which is almost a tenfold increase.
Overall, Bitcoin has developed into its own asset class due to its limitations. Its performance is highly dependent on investor demand and leads to large price fluctuations. For investors who are interested in investing, a small portfolio addition is recommended.