YEREVAN (CoinChapter.com) — Bitcoin gives financial independence. That is a line you must have heard so often that it now sounds like a cliché. However, one man’s BTC investment journey for 76 months straight reinforces this idea. It once again proves, above all else, that investing in crypto gives better returns than saving your hard-earned money in banks.
How one man plans to retire thanks to Bitcoin
To understand how Bitcoin can give financial independence, we took a look at Jason Rinehart’s investment journey.
The young Bitcoin investor runs a personal blog where he documents his investment journey through regular, disciplined investments. He has decided to allocate €500 (five hundred Euros, or around $540) every month to buy BTC and to hold it, come what may until he hits his initial target of €1 million.
According to the latest update on his blog, Jason started his journey in 2017. Back then, he had just discovered the idea of “financial independence” and “early retirement” through investments. He began to invest in the stock market as a means to secure a secure future for himself.
His curiosity was furthered intrigued after he found Bitcoin (BTC). The largest cryptocurrency caught his fancy, and he began growing a bag of his own by stacking stats, the practice of adding small amounts of Bitcoin on a steady, regular basis.
According to a chart he created based on his investment, Jason has purchased BTC in 76 different instances starting from October 2017. His latest purchase was at €39,100 ($42,250) per token, which resulted in 0.13 Bitcoins being added to his kitty.
Here is what happened to his BTC investment
Jason’s investment journey provides one of the best bullish arguments for Bitcoin. Considering he put aside €500 per month (except for a few of these), he has invested around €40,000 ($43,000) in the leading cryptocurrency. He now holds a modest bag of 4.47 in BTC, all thanks to staking stats.
Based on the current BTC price, his total stash should be around $188,000. This huge profit is miles ahead of the meager returns he would have received if he had put his money in the bank.
If you argue that Bitcoin is not the only investment option out there. He could have received returns from the stock market too, you aren’t wrong.
However, the profit from S&P 500 investments would come nowhere near the returns BTC has given this disciplined investor.
“The bitcoin strategy has given me a profit of ~330% for the money put in, whereas the S&P strategy would have given me a measly profit of 42% for the money put in, after 6+ years (that can’t be more than inflation really),”he writes.
So far, only 9 of his investments have suffered a loss, with the total being a modest 25%. However, considering the massive returns of 1,200% he reaped in the 2018-19 bull run, those fail to reflect on his holdings.
If this is not proof that Bitcoin gives financial independence, then what is? As Jason says, “you gotta be willing to go underwater for a while to get some +1000% returns in the long run.” Hold on to your nerves and devise your investment plan.
However, keep in mind that, like all cryptocurrencies, Bitcoin is a volatile asset. Do your research (DYOR) and only invest if you can without putting yourself or your family in financial or emotional stress.