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

10/24/2024 20:19
Bitcoin trades boast 98% profitability over the past 5,200 days

Bitcoin's sustained profitability reflects its resilience and long-term appeal, even amid price fluctuations.

Bitcoin trades boast 98% profitability over the past 5,200 days Bitcoin trades boast 98% profitability over the past 5,200 days 35 seconds ago

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Bitcoin's market dominance affirmed with vast majority of trading days profitable.

Bitcoin has consistently proven to be a valuable long-term asset, with the vast majority of days showing profitable returns for investors.

According to data from Newedge, Bitcoin has been profitable on 5,134 out of 5,213 trading days since its creation. This represents 98.48% of all days, underlining the consistent growth of BTC’s value over time.

Bitcoin Profitability
BTC Profitable Days (Source: Newedge)

Further analysis from CryptoQuant’s data supports this, showing that around 90% of the current Bitcoin supply is in profit. This can be linked to the flagship digital asset’s upward march toward $70,000.

Bitcoin Supply in Profit
Bitcoin Supply in Profit (Source: CryptoQuant)

The widespread profitability of holding the top digital asset emphasizes its resilience and appeal as a long-term investment option.

Despite its occasional price swings, BTC has repeatedly demonstrated an ability to rebound and surpass previous highs. Several factors likely drive this trend, including the rising institutional adoption through investment vehicles like Bitcoin ETFs and increasing recognition as a reliable store of value and hedge against inflation.

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