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Economic Situation & strategy
January 31, 2025
Understanding Bitcoin (Part II/II): The value of Bitcoin
Article by Tilman Deißinger, Sebastian Kuhnert and Jan Mooren
Looking back, it is every investor's dream to participate in the performance of Bitcoin. From its first documented price of USD 0.06 in 2010 to its all-time high, Bitcoin recorded an impressive increase in value of around 1.8 million percent. In other words, an investment of 100 US dollars would have multiplied to 1.8 million US dollars in the meantime.
In the second part of our Bitcoin mini-series, we look at the question of whether and how this unprecedented performance can be explained and evaluated from a financial theory perspective and what portfolio characteristics Bitcoin has.