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I've Already Made 127% on Bitcoin. Here's Why I Keep Buying More.

TheMotleyFool

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I've Already Made 127% on Bitcoin. Here's Why I Keep Buying More.: https://g.foolcdn.com/editorial/images/712759/buying-btc.jpg

Since first purchasing Bitcoin (CRYPTO: BTC) on April 24, 2020, I have made a return of 127% (as of this writing). This figure crushes the returns of both the S&P 500 and the Nasdaq Composite, two of the most widely followed stock indexes, during the same period.

This substantial outperformance has occurred despite Bitcoin's price being down a whopping 75% from its nearly $69,000 peak hit last November, as the overall cryptocurrency market has taken a hit in 2022. A massive price drop like that would certainly shake even the strongest supporter's confidence.

But not me. I'm still incredibly bullish on Bitcoin. Here's why.

Source Fool.com

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