Bitcoin has returned an equal amount of profits to retail investors than a cryptocurrency startup has delivered to its accredited investors in the past five years.
The world’s largest cryptocurrency in early May closed above $5,000, which roughly brought its return-on-investment (ROI) up by 40,000 percent since early 2013. In the same time frame, Coinbase, one of the world’s leading cryptocurrency exchanges, swelled its Series A funding of $6.1 million to roughly $8 billion, also noting a 40,000 percent jump.
Bitcoin Price Briefly Surged By Over 40,000% Between Early Q1 2013 and Early May | Image Credits: TradingView.com
Marginalized Opportunities but Similar Returns
The only factor that differed investments into bitcoin from that into Coinbase was the opportunity. As a US-regulated entity, Coinbase could attract funding from only the elite investors, including investment banks and venture capitalists. On the other hand, Bitcoin, a decentralized payment protocol, remained a free market, where anyone could invest any amount of money.
The post Bitcoin Holders’ Profits Equal that of Coinbase’s Accredited Investors appeared first on NewsBTC.
Reviewed by Eugene D
on
June 13, 2019
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