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Bitcoin profitable on 4,954 days since inception, 97.9% of its history

Onchain Highlights

DEFINITION: Number of days in Bitcoin’s traded history where holding Bitcoin has been profitable relative to today’s price.

Bitcoin’s market history reveals a high percentage of profitable holding days, indicating strong long-term value retention. Glassnode data shows that out of 5,060 days since its inception, holding Bitcoin has been profitable on 4,954 days, representing 97.9% of its total trading days. This metric highlights the consistent upward trajectory of Bitcoin’s value over time.

The near-universal profitability of holding Bitcoin highlights its resilience and attractiveness as a long-term investment. Even amidst volatility, the crypto has demonstrated a remarkable capacity to recover and surpass previous price levels. This trend may be driven by factors such as increasing institutional adoption, technological advancements, and growing acceptance of Bitcoin as a store of value.

Per Lookintobitcoin, the data suggests that investors who have held Bitcoin for extended periods have largely experienced gains, reinforcing the narrative of Bitcoin as a reliable asset. This insight provides context for understanding Bitcoin’s performance and potential future digital asset market trends.

Bitcoin Profitable Days: (Source: Lookintobitcoin)

The post Bitcoin profitable on 4,954 days since inception, 97.9% of its history appeared first on CryptoSlate.

Onchain Highlights DEFINITION: Number of days in Bitcoin’s traded history where holding Bitcoin has been profitable relative to today’s price. Bitcoin’s market history reveals a high percentage of profitable holding days, indicating strong long-term value retention. Glassnode data shows that out of 5,060 days since its inception, holding Bitcoin has been profitable on 4,954 days,
The post Bitcoin profitable on 4,954 days since inception, 97.9% of its history appeared first on CryptoSlate.  

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