The popular cryptocurrency analyst and trader, Josh Rager, has on averred that Bitcoin could make 1000+% gains like the highest performing stocks in less than a decade, saying the move is capable of aiding Bitcoin to attain $100,000.
The highest-performing stocks in the last decade were published for public consumption some hours ago. An update that was excitedly applauded by Elon Musk, the famous founder of Tesla and SpaceX, at the hour it was made public.
Whoa … the stock is so high lol
— Elon Musk (@elonmusk) December 23, 2019
The percentage increases of the 14 highest performing stocks over the last decade were listed. This list has Netflix as the highest performer with +4,177% price increase, followed by Amazon, Mastercard, Apple, Visa, with +1,787%, +1,126%, +1,126%, +966% price increase respectively.
Google, the search engine giant is ranked 13th on the list, with +335% price increase in the last 10 years. While McDonald’s occupies 14th position with +325% increase.
Comparably, Bitcoin, the first and largest cryptocurrency has also made a significant increase over the last decade, which has so far aided the digital currency to be priced above $7,000 at press time.
Meanwhile, Bitcoin was acknowledged as the best performing asset in the last 10 years by the Bank of America (BoA) Securities, and published by the major news outlet CNN a couple of days ago.
Josh Rager Says Bitcoin is Liable to Replicate Stock Substantial Gains
It was the set of commodities in this list, coupled with their substantial percentage increases that seemingly thrilled Josh Rager, the famous crypto analyst, and trader, to aver that Bitcoin could record a better performance in less than a decade.
He said Bitcoin’s price could surge by 1000+% at no distant years. He concluded that this huge increase could aid the price uptrend of BTC to hit $75,000 and $100,000 price range.
Josh said, “As amazing as these stock returns are, there is a potential opportunity to have similar gains with Bitcoin even at its current price: $7000’s. Potential 1000+% returns, not only over the coming decade, in the next few years if we see $BTC hit between $75k to $100k+. One can hope.”
As amazing as these stock returns are, there is a potential opportunity to have similar gains with Bitcoin even at its current price: $7000's
Potential 1000+% returns, not only over the coming decade, in the next few years if we see $BTC hit between $75k to $100k+
One can hope https://t.co/2kTXsXYfTD
— Josh Rager 📈 (@Josh_Rager) December 24, 2019
Bitcoin Price in the Market
Bitcoin has somewhat settled around $7,500 price level. Over the past 24 hours, BTC has not recorded significant price uptrend or downtrend. When Bitcoin experienced its recent price uptrend, it’s envisaged that the digital currency was reacting to the euphoric atmosphere of Christmas.
At the time of filing this report, BTC is trading at $7,120 with 3.05% price downtrend on 24 hours basis. Now that Bitcoin changes hands within a price range, what would be the price trend of BTC when Christmas ends in a few hours’ time?