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Will Bitcoin generate 1,000% profit in 2020?


In recent years, Bitcoin has become one of the most profitable financial assets in history. After, in less than a decade, its value multiplied several times. Going from practically zero cost during the first years after its foundation, until it reached a peak around $ 20,000 in 2017. For this reason, the tweeter known as Plan B wonders if Bitcoin will generate 1,000% profit in 2020 in the Tweet of the day:

Bitcoin earnings in 2020

When analyzing Bitcoin’s record in recent years, even the biggest detractors of the cryptocurrency must admit that it has been a very good investment.

And, the crypto world is plagued with cases of people who acquired the currency in the early days for laughable prices. Only to become billionaires after the value of it skyrocketed.

But not only those who acquired Bitcoins during the first years have enjoyed great profits. Well, recent studies have shown that Bitcoin has been the most profitable financial product so far in 2020. As well as 86% of BTC currently in circulation, have experienced an increase in value since their last transaction.

Will Bitcoin generate 1,000% profit in 2020? Source:
Will Bitcoin generate 1,000% profit in 2020? Source:

Which means that the vast majority of those who have invested in Bitcoin have seen their capital multiply. Something that has been a constant in the history of BTC, because in the last decade alone, the cryptocurrency has lived three years with earnings of more than 1,000% year-on-year. Leading the analyst known as PlanB to wonder if in 2020 the history of 2011, 2013 and 2017 could be repeated.

#Bitcoin annual return (Dec-Dec). Do you think we will see more years with profitability of 1000% + like 2011, 2013 and 2017 or was it an early growth and have returns normalized?

Despite the fact that so far, the price of Bitcoin has stagnated around $ 10,000 after the third Halving on its Blockchain. Most analysts predict that a new bullish rally in the price of BTC will be in the near future. Which could make PlanB’s comment a reality, and lead to a cryptocurrency profitability of 1,000% in 2020.

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