CryptocurrencyNYC.com - Is Bitcoin more profitable investment than the $450M masterpiece painting by
The painting of Christ by Renaissance master Leonardo da Vinci has sold for world record price $US400million ($US450 million includes the buyer's premium) at Christie's auction rooms in New York, beating the world's most expensive art 'When Will You Marry' by Paul Gauguin - $US300million.
Photo credit: SMH - Leonardo da Vinci's Salvator Mundi on display at Christie's auction rooms
Paul Gauguin's painting was bought in 1982 - sold in 2015 (33 years collection or increase $9,090,909/year average value) with 90,909 % increase per year.
INVESTMENT ANALYSIS:
INVEST IN PAINTING: 'CHRIST' - BY LEONARDO DA VINCI
2005 Purchase: $10,000
2017 Sold: $400,000,000
Net Profit: $400,000,000 - $10,000 = $399,990,000
Percentage gain %: $399,990,000 / $10,000 x 100 = 3,999,900%
3,999,900% / 12 years = 333,325 % increase value per year
INVEST IN CRYPTOCURRENCY: BITCOIN
Year 2010 - 1 bitcoin = $0.06
200 bitcoins = $0.06 x 200 = $12
Year 2017 value for 200 bitcoins = 200 x $7776.42 USD = $1,555,284 USD
Net Profit: $1,555,284 - $12 = $1,555,272
Percentage increase %: $1,555,272 / $12 x 100 = 12,960,600%
12,960,600% / 7.1 years = 1,825,437 % increase value per year
Based on the calculations above, Bitcoin is more profitable investment than Leonardo's painting.
Bitcoin scores 1,825,437 % increase value per year, whereas Leonardo's just scores 333,325 % increase value per year.
Is Bitcoin more profitable investment than Domain Name?
INVEST IN DOMAIN NAME: MUSICAL.LY
Year 2014 - purchase + renewals Musical.ly = $225 (estimate)
Year 2017 - sold Musical.ly= $800,000,000 tp $1Billion ( estimate )
Net profit: $800,000,000 - $225 = $799,999,775
Percentage % : $799,999,775 / $225 x 100 = 355,555,455%
355,555,455% / 3.75 years = 94,814,788 % increase value per year
From the above, Bitcoin needs to increase value to $684,000 per Bitcoin by 2022 to achieve 94,999,991 % increase value per year , surpassing Domain name Musical.ly of 94,814,788 % increase value per year.
Can Bitcoin reach $684,000USD by 2022?
