Bitcoin trades boast 98% profitability over the past 5,200 days

Bitcoin trades boast 98% profitability over the past 5,200 days

Bitcoin has consistently proven to be a valuable long-term asset, with most trading days yielding profitable returns for investors.

High Percentage of Profitable Trading Days

According to data from Newedge, Bitcoin has been profitable on 5,134 out of 5,213 trading days since its inception. This impressive figure, which accounts for 98.48% of all trading days, highlights BTC’s consistent growth in value over time.

Growing Bitcoin Supply in Profit

Data from CryptoQuant further supports this trend, revealing that nearly 90% of the current Bitcoin supply remains in profit. This high profitability aligns with Bitcoin’s ongoing push toward the $70,000 mark, reinforcing its role as a top digital asset.

A Resilient Investment Option

The widespread profitability of holding Bitcoin underlines its resilience and attractiveness as a long-term investment. Despite occasional price fluctuations, BTC consistently rebounds and surpasses its previous highs. This trend is likely driven by factors such as rising institutional adoption through Bitcoin ETFs and its increasing recognition as a reliable store of value and hedge against inflation.

The post Bitcoin trades boast 98% profitability over the past 5,200 days appeared first on CryptoSlate.

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