Despite monster past returns, Bitcoin can keep rewarding long-term investors.
Bitcoin (BTC -2.91%) proves that nothing is protected from disruption. Technology has created a completely new store of value that went from being worthless to a $2.3 trillion market cap in nearly 17 years. Investors who have weathered the ups and downs have been rewarded.
Even after such a monumental rise in the past, with Bitcoin rising 967% in the last five years (as of Sept. 17), there could still be huge upside as we look ahead. But can the world’s top cryptocurrency deliver a 10x return?
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Bitcoin’s clear path
There is no straightforward way to conduct a proper valuation exercise for Bitcoin, as it isn’t like a regular company. But that doesn’t mean investors can’t look for comparisons to guide them.
Bitcoin is often viewed side-by-side with gold, which has been the leading store of value for…
