Bitcoin price once again made an attempt to break above $10,000, but as of this writing, it failed to make it through the key level once again. But the latest push has brought Bitcoin back to profitability for most investors in the crypto asset.
In fact, the first-ever cryptocurrency has been profitable over 95% of its existence, meaning that basically anyone who has bought BTC throughout its history is in profit.
Bitcoin Price Action Brings Investors Profitability Over 95% of the Time
Bitcoin price just tackled $10,000 again for what feels like the tenth time since it first fell below it in early 2018. The first-ever cryptocurrency has made several attempts to break and hold above the key level, but thus far, can’t make it happen.
The next time, however, Bitcoin price breaks above $10,000, it may actually be the last time ever the asset trades below five-digit prices.
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And as soon as it reclaims that level, the few remaining investors that bought above there and have held a loss for nearly two years now, will finally get caught up.
As it stands, Bitcoin has been profitable for over 95% of its existence.
Bitcoin profitable days = 95.4% 👀👀
— Philip Swift (@PositiveCrypto) May 8, 2020
The leading cryptocurrency by market cap has only been around for 11 years now, and because it was born virtually worthless, it is only truly seen upside for most of its history.
The only times currently that Bitcoin investing has been unprofitable,