Bitcoin (BTC), which provided an unprecedented return, also dusted Tesla shares.
On-chain analysis source CaseBitcoinHe took a look at Bitcoin’s outstanding compound annual growth rate (CAGR).
BTC generated 5 million percent returns in 10 years
A common indicator used by both crypto and traditional market traders, CAGR is used to measure the performance of an asset compared to other assets.
The largest cryptocurrency outperformed all other assets in its twelve-year history.
CaseBitcoin said Bitcoin’s 10-year CAGR of 196.7 percent is something “unprecedented in financial history”.
“This is an unprecedented rate. Bitcoin has generated almost 200 percent returns each year for 10 years (ie almost tripling your money),” the company stated.
“In terms of crude return on investment, Bitcoin has generated 5.2 million percent return in ten years.”
In comparison, Tesla shares, which are closest to Bitcoin, have a 10-year CAGR of 63.8 percent and that of Amazon stocks is 33.5 percent.