Bitcoin Soars Over 1,000% in 5 Years With Potential for Further Massive Gains, Though Volatility Remains High
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Bitcoin has vastly outperformed other major asset classes over the past 5 years, returning over 1,000% between 2019-2023 and compounding at 65% annually
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Ark Invest has set a bull case target of $1.48 million per Bitcoin by 2030, representing potential upside of 2,860%
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Upcoming Bitcoin halving events and the approval of spot Bitcoin ETFs could boost demand and drive prices higher
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Bitcoin has been a rewarding yet volatile investment, with prices falling over 50% during 3 separate years over the past 5 years
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Patient investors comfortable with volatility may want to allocate up to 5% of their portfolio to Bitcoin with a 5+ year time horizon