The popularity of the cryptocurrency Bitcoin cannot be stopped. With more people use and mine the coin, its popularity is going nowhere but up.
And for this reason, Bitcoin is seen as the best currency investment for over 1,200 years.
While the cryptocurrency was never designed as a product for investment, the rise in value has made it one of the best there is.
The cryptocurrency is volatile and experienced many ups and downs. But if comparing its value since it was first introduced back in 2009, the cryptocurrency clearly sets itself apart from virtually all of the world’s fiat currencies.
Central banks around the world continue to create money, which essentially devalue existing currency through inflation. Bitcoin as a cryptocurrency, is not affected by that.
In a post by Cointelegraph, it was explained that the first Bitcoins were mined on January 3, 2009.
The first widely accepted commercial transaction was on May 22, 2010.
Laszlo Hanyecz made the first documented purchase of a good with Bitcoin. At the time, he bought two Domino's pizzas from Jeremy Sturdivant for 10,000 Bitcoins.
With the pizzas worth about $30, this puts a value of around $0.003 on one BTC at this point.
The second most valuable investment, would be on precious metals. Gold and silver for example, can have their prices fluctuate. But in overall, the prices go up.
British's 8th century pound was created using 240 silver pennies, comprising one Mercian pound of fine silver. One Mercian pound was equivalent to 350g, which would make it valued at £156.45 ($200).
What this means, in 1,200 years, the coin of the realm has arguably appreciated by 15,545%.
The worse investment, would be fiat. The U.S. dollar for example, has lost over 96% of its value in 228 years. European euro has lost about 30% of its value in just 21 years.