Is Bitcoin a Millionaire Maker?
Bitcoin (CRYPTO: BTC) has minted a lot of millionaires. The world's leading cryptocurrency soared 12,590% over the past decade -- and that blistering rally would have turned a modest $10,000 investment into $1.27 million. That same investment in an S 500 index fund would only be worth about $28,000 today.
Bitcoin crushed the market because it grew from a niche token into a mainstream asset which was bundled into its own spot price exchange-traded funds (ETFs). It was even adopted as a national currency in El Salvador and the Central African Republic, and other inflation-wracked countries might follow that example over the next few years. So could Bitcoin generate even more millionaire-making gains over the next decade? Let's review its long-term catalysts and challenges to find out.
Image source: Getty Images.
Source Fool.com
