Bitcoin vs. London Property: Decade-long Performance
A recent market analysis conducted by British estate agency Foxtons compared the performance of London’s residential property market with various investment options over the past decade, including Bitcoin. According to the analysis, London’s property market has proven to be a lucrative investment, yielding over 44% in returns. However, Bitcoin has outperformed all other assets, boasting an impressive yield of almost 5,000% during the same period.
Bitcoin’s Remarkable Growth
Bitcoin has witnessed a staggering growth of 4,963% over the past decade. From an average value of $840.3 in December 2013, Bitcoin soared to $42,544 by December 2023, making it one of the most lucrative investment opportunities in recent years. This remarkable surge in value has captured the attention of investors worldwide, solidifying Bitcoin’s position as a leading investment asset.
Other Investment Options
While Bitcoin claimed the top spot in terms of returns, gold emerged as the second-best investment option, with a 66.8% return on investment over the past decade. In comparison, traditional investment avenues such as the FTSE 100 index and silver offered more modest returns of 15.7% and 22.9%, respectively. On the contrary, investments in WTI Crude Oil, Brent Crude Oil, and natural gas resulted in negative returns, indicating their declining value over the years.
London Property Market Performance
The average value of a London home has witnessed a significant increase over the past decade, climbing from £352,028 in December 2013 to £508,037 in December 2023. This substantial growth, amounting to over £156,000, highlights the resilience and attractiveness of the London property market as a long-term investment option. Despite challenges faced in the past year, the London property market is anticipated to continue attracting high levels of investment in 2024, signaling a positive outlook for investors.
SOURCE: Ref Image from Reuters
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