Can Bitcoins still be ignored?
“A pessimist sees difficulty in every opportunity and an optimist sees opportunity in every difficulty”
|Asset Class||CAGR* from Jan 2009 to Aug 2017|
*CAGR – Compounded Annual Growth Rate
On August 31, 2016, Nifty was at 8800. Currently, it is 9900, riding on bullish sentiments and a strong reform- oriented BJP government, giving a return of 12.5% p.a. Impressive!!
Bitcoin has risen from 575$ to 4600$ in the same time frame, posting a staggering return of 700%. That’s 55 times the return on the stock market! Do you still think the bitcoin can be ignored?
When bitcoin was found in 2009, Nandan Nilekani was still serving his first stint as Chairman of the IT giant Infosys, Virat Kohli was yet to make his test debut and Rahul Gandhi was the blue-eyed boy of Congress and future superstar of Indian politics! It has been almost a decade since inception, yet the #4 most searched query on Google(2014) “What is Bitcoin?” still puzzles most! Read More