The First Cryptocurrency Dividend in History Just Fell Flat on Its Face
Historically, the stock market has been the greatest creator of wealth. Inclusive of dividend reinvestment, stocks tend to return an average of 7% annually, which works out to an expectation of doubling your investable wealth about once every decade. Then bitcoin and other digital currencies came along and left stocks in the dust.
Year to date, through midday Oct. 11, bitcoin is up nearly 400%, and since hitting its lows in 2015, the most popular cryptocurrency has tacked on over 1,800%. By comparison, it's taken the S&P 500 about 25 years to deliver the same return as bitcoin in a span of two years. It's no wonder investment dollars have been flowing into digital currencies.
Image source: Getty Images.
Source: Fool.com
