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Bitcoin: Can It Be a Long-Term Winner?

TheMotleyFool 
0 0 08.09.25
Bitcoin: Can It Be a Long-Term Winner?:
 

It's hard to argue with the historical track record of Bitcoin (CRYPTO: BTC). In eight of the past 10 years, Bitcoin has been the top-performing asset in the world. As a result of that performance, Bitcoin is up approximately 48,500% over the past decade.

But, as they say in the world of investing, past performance is no guarantee of future success. Bitcoin may be the top-performing asset of the past decade, but can it also be a long-term winner?

To understand Bitcoin's long-term appeal, it's important to take its inherent scarcity into account. Only 21 million Bitcoins can ever exist, and nearly 20 million of them are already in circulation. Of those in circulation, an estimated 3.7 million may be lost forever, so the real circulating supply of Bitcoin may be closer to 16.3 million coins.

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Source Fool.com

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