Bitcoin

April

when

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin investments have been profitable for 99.92% of all days since its inception in 2009.</li>
 <li>Only 0.16% or six days of the last 3,732 tradable days were not profitable for Bitcoin holders.</li>
</ul>
<p>Since it was first introduced over 14 years ago, on January 3, 2009, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> investments have been profitable for 99.92% of all days.</p>
<p>There have been only six days when investing in Bitcoin did not yield a profit.</p>
<h2 id="bitcoin-s-recent-performance">Bitcoin’s Recent Performance</h2>
<p>In mid-March, Bitcoin reached a record high of $73,600. This ensured that BTC holders at all price points saw their investments increase in value.</p>
<p>Since then, Bitcoin has maintained a price close to the $68,000-$70,000 range.</p>
<p>The market’s volatility has caused price fluctuations, leaving only a few Bitcoin holders unprofitable.</p>
<h2 id="bitcoin-hodlers-and-market-trends">Bitcoin Hodlers and Market Trends</h2>
<p>Bitcoin bought between March 9–13 and March 25–29 currently stands at a loss. This means that 0.16% or six days of the last 3,732 tradable days were not profitable.</p>
<p>The price chart shows the strategic importance of holding Bitcoin during bear markets. It is estimated that 86.28% of all Bitcoin wallets hold up to $1,000, 13.03% hold between $1,000 to $10,000, and 0.69% hold $100,000 in Bitcoin.</p>
<p>Bitcoin’s consistent recovery from bear markets and subsequent price retention has allowed the mining community to thrive. This contributes to the hash rate and inadvertently increases the security of the Bitcoin network.</p>
<p>As the Bitcoin Halving event nears, institutions and private investors are accumulating BTC, anticipating a price surge. The fourth Bitcoin halving is expected to commence at the block height of 840,000, expected on April 20, 2024.</p>
<p>The mining community is also planning strategies to remain profitable post-Bitcoin halving despite rewards being slashed in half to 3.125 BTC. Canadian Bitcoin mining firm Bitfarms has pledged nearly $240 million to upgrade its fleet of mining equipment.</p>
<p>Bitfarms’ chief financial officer Jeffrey Lucas explained the reasoning behind the ongoing fleet upgrade: “The transformational fleet upgrade propels Bitfarms in scale and profitability amid the Bitcoin halving. This is a game changer that triples our hash rate to 21 EH/s, increases our targeted operating capacity by 83% to 440 megawatts (MW), and improves fleet efficiency by 40% to 21 w/TH.”</p>

Why Holding Bitcoin Has Been Profitable for Nearly 100% of its Existence

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