The bitcoin market has been on an upward trajectory for a while now since it broke above the resistance of $97K. Many had already put the reason for the bull run delay that is highly anticipated for this year to be the US tariffs wars. If we are to look back in time, we can confidently say that Bitcoin has outperformed every other cryptocurrency that have come to existence today and have shown that is it not an asset that you should have doubts on after investing into it.
When investing in Bitcoin, just know that the results will happen overtime and not overnight as many people have viewed it. This has lead to many people having distrust in the asset because they don’t get to have big returns immediately after investing as they’ve foreseen it, been told about (giving misinformation) before investing into it.
For example, if one had invested $100 worth of bitcoin in January 2023 which is just 2 years and 4 months from now. The opening price of Bitcoin on 1st January was less than $20,000. Assuming you bought $100 worth of BTC at the rate of $20000 per BTC, your ROI will go as thus;
Bought $100 worth of BTC at the price of $20000 per BTC = ($100/$20000) = 0.005BTC
The current price of BTC is above $100000 which is fluctuating and changing daily.
Using $100000; The value of investment = 0.005*100000= $500
Return on investment (ROI): ($500-$100/$100)*100% = 400%
With today’s current price, you would have made more than 400% ROI of your investment in just 2 years four months from the time of your initial investment till now. I don’t think there is another investment that gives this big return in just this timeframe without you not doing anything but just safeguarding your investment and trusting and believing the process. With this simple example illustration, it just results back to been patient with your bitcoin investment, as you’ll reap the reward of it overtime.