Since its inception on Jan. 3, 2009, investing in Bitcoin has been profitable for 99.92% of all days, with only six days where it did not yield profits.
Bitcoin reached an all-time high of $73,600 in mid-March and has since maintained a price range of $68,000–$70,000.
Only a small fraction of Bitcoin holders remain unprofitable, with investments made between March 9–13 and March 25–29 currently at a loss.
Bitcoin’s consistent comebacks from bear markets emphasize the strategic importance of holding during downturns. The majority of Bitcoin wallets hold relatively small amounts, contributing to market resilience.
The upcoming fourth Bitcoin halving, expected on April 20, 2024, has led to increased accumulation by institutions and private investors. Despite halving rewards, mining firms like Bitfarms are upgrading their equipment to maintain profitability.
Bitfarms plans to invest nearly $240 million to upgrade its mining equipment, tripling its hash rate to 21 EH/s and increasing its operating capacity by 83% to 440 MW. This upgrade is expected to improve fleet efficiency by 40%.
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