Cryptocurrency Toolkit recently analyzed Bitcoin’s massive dollar value increase by looking at the so-called yearly lows or the lowest dollar values in each year. These yearly lows basically show that people will never sell Bitcoin below a certain price level. If you compare the price lows of each year, you’ll also find that Bitcoin’s value has constantly gone up since 2010 – 325% per year on average.
You can find out more interesting information in the video.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.