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Bitcoin: When You See This Graph, CAGR, You Can't Sell Bitcoin! Wait A Year To Have Double!

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First published at 16:31 UTC on July 3rd, 2024.

#news
#bitcoin
#investment

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Calculate the Compounded Annual Growth Rate at thecalculatorsite.com and then go down to the bottom of the page to see how bitcoin has grown and it is obvious that you should not sell, because in a year, your money will double again and you won't ever want to sell them. There is always one more year of doubling to have twice as much. My calculations are all based on the April of 2011 price for bitcoin of $1. That's when bitcoin stabilized enough to have a price. It never returned to $1 after that year.

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