Which one has done better as an investment over the last 10 years? A house? or a blockchain cryptocurrency? It’s not even close. While U.S. real estate has gone up more than 100% over that time, Bitcoin has skyrocketed more than 9 million percent over the same period. You cannot live in a bitcoin, but you can buy around 98,000 homes today if you put the price of just one average home into bitcoin in 2010. If you had done so, you would enjoy nearly $30 billion today. Does that sound like it might be worth looking into? #bitcoin
How about if you did not learn of bitcoin until 5 years ago, and put $250,000 into it then? How much could you sell it for today? You would have acquired 871 bitcoins, which today would be worth more than $10 million. Not a bad take for acting on the information provided by the L.A. Loft Blog. We first mentioned Bitcoin in 2014, and then later in 2017, we suggested that Bitcoin be considered along with real estate as a top investment pick. Those who like that suggestion, saw a $923 investment turn into $11,800. While you still cannot live in a bitcoin, you can certainly enjoy living in all of the lofts, condos and houses that your profit can provide you.
Over the last two years, home prices around Downtown Los Angeles have mostly dropped, while Bitcoin nearly doubled in value.
We’ve learned that hard work, determination and astute investing lead to the greatest real estate portfolios. We’re excited to be part of the amazing financial achievements and lifestyle successes of the smartest group in the world, the readers of the L.A. Loft Blog. Together, we’ve pioneered innovative real estate investment information, and we intend to continue that trend. The Loft Blog shall begin providing the “Bitcoin Gauge” regularly to share our analyses pertaining to the most opportune windows of opportunity to buy and sell this extremely volatile blockchain cryptocurrency asset. Based on hard-to-spot chart patterns and fundamental market data, here’s the current bitcoin gauge: #realestate
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