Case Study: Bitcoin's ROI
👆Case study:
Image (left, LUNO purchase in 2017) from FB posting:
https://www.facebook.com/share/p/188HTus8ne/
9 March 2017
0.05551 Bitcoins = RM 300
18 Nov 2024
0.05551 Bitcoins = RM 22,689.789
A RM 300 investment in BTC on 9/3/2017 became RM 22,689.79 on 18/11/2024
That is ~ 75x
2 BTC Halving cycles, ~8 years.
1st halving 90x
2nd halving 60x
3rd halving 22x
4th halving (2024) = ? x
If history does provide some clues, what would be the x for this 4th halving?
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Note:
As at Nov 19, 2024, 05:13 UTC, xe.com:
1 BTC = 409,213 MYR
1 MYR = 0.00000244371 BTC