Bitcoin’s Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge

CN
4 hours ago

According to findings from an NFT Evening study, bitcoin’s surge past the $100,000 mark has created 14,211 new millionaires and four new billionaires. The report explains that bitcoin (BTC) investors became millionaires 22 times faster than stock investors, further demonstrating BTC’s wealth generation prowess.

To illustrate this point, the study compares the return on an investment of $4,000 in BTC and traditional company stocks made in 2010. After approximately 3,775 days (10.3 years), BTC investors achieved their first $1 million milestone. In contrast, investors who put the same amount of money into blue-chip stocks saw their portfolios grow to only $45,000.

Meanwhile, the study found that BTC investors who invested $30,500 in early 2011 became billionaires some 4,645 days (approximately 12.7 years) later. This translates to an astronomical return on investment of 32,787 times. Regarding the return on investment for stocks, the report stated:

In comparison, investors who allocated the same amount to blue-chip stocks would see their portfolio grow to only $950,000 during the same period. This means that by the time Bitcoin investors become billionaires, stock investors are merely reaching their first $1 million milestone.

Despite delivering on its promise of wealth generation, bitcoin (BTC) is seen as a very volatile asset, as evidenced by its topsy-turvy performance over the last three years. After reaching a peak of just under $69,000 in November 2021, BTC plunged to below $17,000 just over a year later. However, since late 2022, the top cryptocurrency has trended upward, resulting in a new all-time high of $108,364 on Dec. 17.

Meanwhile, the NFT Evening study found that BTC significantly outperformed even the largest U.S. stocks between 2010 and 2020. For instance, the study revealed that the top cryptocurrency’s growth since 2010 is 76,378 times the returns of Apple during the same period.

Compared to Nvidia, widely regarded as one of the best-performing stocks in the last two years, BTC delivered 6,062 times the returns of the chipmaker. Against Microsoft, Amazon, and Tesla, bitcoin delivered 148,978 times, 66,330 times, and 9,103 times the returns, respectively.

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