{"id":652,"date":"2024-07-31T19:00:00","date_gmt":"2024-07-31T19:00:00","guid":{"rendered":"http:\/\/ci02e3d208a0002690"},"modified":"2024-07-31T19:00:00","modified_gmt":"2024-07-31T19:00:00","slug":"holding-bitcoin-has-been-profitable-for-98-5-of-its-existence-data-shows","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/holding-bitcoin-has-been-profitable-for-98-5-of-its-existence-data-shows","title":{"rendered":"Holding Bitcoin Has Been Profitable for 98.5% of Its Existence, Data Shows"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>According to <a href=\"https:\/\/www.bitcoinmagazinepro.com\/\" target=\"_blank\" rel=\"noopener\">Bitcoin Magazine Pro<\/a>&nbsp;data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days since Bitcoin trading began, holding BTC has been profitable for 5,020 days relative to the current price&nbsp;of ~$66,500 per BTC.<\/p>\n<p>Since August 17, 2010, when Bitcoin was priced at just $0.07, its value has skyrocketed to around $66,500, representing an astounding increase of 94,999,900%. This consistent upward trajectory highlights Bitcoin&#8217;s&nbsp;sustained growth and increasing adoption over time.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bm-pro-bitcoin-profitable-days-2.png\" title=\"\"><\/figure>\n<p>The chart from Bitcoin Magazine Pro underscores the aggressive growth of Bitcoin&#8217;s adoption curve, driven by its limited supply of only 21 million BTC and ever increasing demand. This growth is a critical factor for investors to understand, as it demonstrates the potential long-term benefits of holding Bitcoin. However, it also emphasizes the importance of market cycle awareness, as buying during market cycle tops can lead to extended drawdowns, historically lasting 2-3 years.<\/p>\n<p>Though, this data counters the mainstream narrative that Bitcoin can be too risky for investors to buy and hold long-term. Instead, it demonstrates the significant rewards of long-term investment in Bitcoin, showcasing its use case as a reliable store of value.<\/p>\n<p>For those trying to calculate where the price of Bitcoin may trend towards in the future, this indicator shows how Bitcoin&#8217;s value has accelerated as it gains global traction. As adoption and interest continue to rise, the percentage of profitable days is expected to increase and potentially surpass 99% in the future.<\/p>\n<p>For more detailed information, insights, and to sign up for a free trial to access Bitcoin Magazine Pro&#8217;s data and analytics, visit the official website <a href=\"https:\/\/www.bitcoinmagazinepro.com\/subscribe\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relative to current price, holding Bitcoin has been profitable for almost all of its existence. <\/p>\n","protected":false},"author":2511,"featured_media":654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[76,100,402,438,93],"class_list":{"0":"post-652","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-bitcoin-magazine-pro-1","10":"tag-data","11":"tag-holding","12":"tag-news"},"author_data":{"id":2511,"name":"Nik","nicename":"nik","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/NIK_.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/green-candle-price.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2511"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=652"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/654"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}