Historically, the stock market has been the greatest creator of long-term wealth, with an average annual gain, inclusive of dividend investment and adjusted for inflation, of 7%. This would imply the opportunity for invested funds to double in value about once every decade.
However, cryptocurrency investors have laughed their way to the bank over the past year, with virtual currency valuations going through the roof. When 2017 began, the aggregate value of all cryptocurrencies combined was just $17.7 billion.
By Jan. 4, 2018 (369 days later), the combined market cap of all 1,384 investable cryptocurrencies had soared to $774 billion.
That’s an increase in value of close to 4,300%, and it’s a return the broad-based stock indexes would take decades to deliver. blockchain technology — the digital, distributed, and decentralized ledger that underlies cryptocurrencies — into the mainstream, and was the first actively traded digital currency on decentralized exchanges.”
data-reactid=”35″>Bitcoin, the world’s most valuable cryptocurrency by market cap, and the digital coin accepted by more merchants than any other virtual currency, is often credited with being the impetus for this rally. After all, bitcoin was the first to bring blockchain technology — the digital, distributed, and decentralized ledger that underlies cryptocurrencies — into the mainstream, and was the first actively traded digital currency on decentralized exchanges. Read more from finance.yahoo.com…
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