Bitcoin $10,000: 5 Catalysts That Led to This Milestone
Historically, the stock market has gained about 7% annually, inclusive of dividend reinvestment and adjusted for inflation. This suggests that your invested money has an opportunity to double about once every decade. Over a lifetime of investing, you could witness your money double in value perhaps four, five, or six times.
For cryptocurrency investors, that entire lifetime's worth of gains has been realized in less than 11 months. The aggregate value of the more than 1,300 cryptocurrencies that investors can now buy equates to $314 billion as of Nov. 28, up from $17.7 billion at the beginning of the year. That's nearly a 1,675% gain in just under 11 months. In fact, the aggregate market cap for cryptocurrencies has essentially doubled over the past eight weeks.
Image source: Getty Images.
Source: Fool.com
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