Bitcoin's behaviour is identical to tech stock, which implies that traders would get huge profits if it succeeds and could also lose all of it, if it fails.
A report was published on the 10th of August titled "A little Bitcoin goes a long way" by CoinShares. In the report, authors debated how the crypto began its journey from scratch, thus giving it an impressive reputation.
The report says the profit could be huge if it attains its potential, and it has a non-zero possibility that the cost would be close to zero if it fails completely.
CoinShare has examined BTC, and the asset is said to be a dependable store of value. Its yearly return is 9.7%, which started around 2015, as shown by the examination.
It's not bad for Bitcoin to be compared to a tech stock. Tech stocks have earned huge ground since the crypto bloodbath that happened around March. The cost of Amazon surged by 70.7% to 3,170 dollars.
Facebook increased by 54.5% to 263 dollars, Google rose by 23.6% to 1,496 dollars, and Apple did 63.3% to reach 450 dollars. This was announced after the crypto tested the 12k dollars mark for the first time since 2019.
Source: Cointelegraph
