Five year bitcoin gains.
Today's date: 22-05-2023
Date 5 years ago: 22-05-2018
Today's bitcoin price: $26,616
Five years ago bitcoin price: $7,993
Total gain: $18,623
CAGR: 27.2%
#hodloncomrades don't trade #bitcoin
#GetZapping
#BTC #ATH #Bitcoin #halving #price
Thanks but Chat got thinks your math is a little low:
“In your case, the beginning value is $7993 and the ending value is $26,616. The number of periods is 5 years.
So, CAGR = ($26,616 ÷ $7993) ^ (1 ÷ 5) – 1 = 0.318 or 31.8% .
Therefore, the CAGR for this asset over the past 5 years is approximately 31.8%.
That 31.8% is from Bing chatgpt using the same formula as Dave, who says it’s 27.7% CAGR. Oh boy.
