What were the best investments of the past decade? Amazon, Netflix and Domino’s were exceptional performers, but cryptocurrencies top the list for profitability.
Up first, is Bitcoin. The first cryptocurrency, built by an anonymous programmer known as Satoshi Nakamoto, it led to the creation of many Bitcoin forks –alternative versions running on similar code – and thousands of altcoins, either using the same code or trying out new features. But, if you got in early, you had the chance to make a quick buck, Decrypt reported.
Since the first bitcoin was available for trading, its price has increased by 62,500%. Outshining many traditional stocks, it even spawned an entire culture built around prices “mooning” and the promise of lovingly labelled “lambos.” Due to the extreme rise, many critics have called it a Ponzi scheme and say that its price pumps are bubbles that keep popping. But despite the criticism, an entire industry has been built around Bitcoin and other cryptocurrencies, leading many countries around the world to start adopting blockchain technology.
Much of the promise of blockchain technology can be seen with Ethereum. It offers features known as smart contracts, which allow for the creation of decentralized apps. These have interesting applications, particularly in the world of finance.
The price of Ethereum has shot up, too. Even though the price has dropped heavily since its all-time high in January 2018, it is still up by 17,900%. One ETH is currently worth $132.