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BTC In the past ten years, Bitcoin has gone from hundreds of dollars to trillion-dollar market value.
CoinCodex's historical data shows that in early October 2016, Bitcoin's trading price was at a low level below $600. Looking at its longer-term price trend, Bitcoin started at about $430 in early 2016, then started a strong rally, eventually approaching $20,000 at the end of 2017.
Based on CoinCodex's latest price released on October 3 of approximately US$84,537, if a hypothetical (hypothetical) investment of US$1,000 at a price of US$612.13, the investment would today be worth approximately US$138,100 (before deducting fees or taxes). This means that over ten years, yields have reached a staggering 13,700%.
However, the price increase only tells part of the story. Bitcoin in 2016 was mainly traded through professional cryptocurrency exchanges and has not yet entered traditional investment portfolios. At that time, the U.S. spot Bitcoin ETF did not exist, institutional custody services were far from mature, and companies 'strategy of incorporating Bitcoin into treasury reserves had not become mainstream.
Today, according to CoinCodex data, the total market value of Bitcoin has reached approximately US$1.7 trillion, and the recent average daily transaction volume has exceeded US$80 billion. This institutional shift is particularly evident through the flow of funds to Bitcoin ETFs: Today, investors can buy BTC through regulated brokerage channels, rather than having to hold assets directly through a cryptocurrency exchange.
The decade has not been smooth sailing
Looking back, the rewards seem simple and straightforward, but holding Bitcoin for ten years means going through multiple major crashes. CoinCodex data shows that BTC rose by 1,357% in 2017, followed by a decline of more than 73% in 2018; it rose by more than 300% in 2020, rose by another 59.6% in 2021, and fell by 64.2% in 2022.
It is this volatility that suggests that Bitcoin's long-term returns should not be interpreted as a stable annual compound interest growth path. Recently, institutional demand has become an important factor affecting prices. Relevant analysis points out that even if there is a large-scale capital inflow, there is no guarantee that BTC will rise on a specific date: ETF buyers are only part of the global market, which also includes exchanges, derivatives markets, over-the-counter trading desks and long-term holders.
