Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Bitcoin has endured a painful last 18 months, from the November 2021 high of roughly $69,000.</li>
<li>Looking at the market cap, Bitcoin had fallen as much as 75% from its all-time high &#8211; its fourth biggest drawdown in history.</li>
<li>However, the dollar cost average strategy (DCA) of putting $10 into Bitcoin daily since the ATH would result in a profit on the investment, based on Glassnode data analyzed by CryptoSlate.</li>
<li>The percentage return on investment with this strategy is around 10%, with a nominal return of roughly $500. This chart was created earlier in the week, so the return now may be slightly less as Bitcoin has dropped 2% since the chart&#8217;s creation.</li>
<li>However, a $10 DCA into Bitcoin has outperformed the S&amp;P 500, which is down 13% from its high back in November.</li>
<li>Taking the same approach with the S&amp;P 500 would yield a flat return on investment.</li>
</ul>
<figure id="attachment_324842" aria-describedby="caption-attachment-324842" style="width: 993px" class="wp-caption alignnone"><img class="wp-image-324842 size-full" style="font-weight: bold; color: #333333;" src="https://cryptoslate.com/wp-content/uploads/2023/05/ss.png" alt="DCA: (Source: Glassnode)" width="993" height="768" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/ss.png 993w, https://cryptoslate.com/wp-content/uploads/2023/05/ss-300x232.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/ss-768x594.png 768w" sizes="(max-width: 993px) 100vw, 993px" /><figcaption id="caption-attachment-324842" class="wp-caption-text">DCA: (Source: Glassnode)</figcaption></figure>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-dca-strategy-from-ath-would-have-generated-profit-beat-sp-500/">Bitcoin DCA strategy from ATH would have generated profit, beat S&#038;P 500</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin DCA strategy from ATH would have generated profit, beat S&P 500

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