CryptoBankNYC.com - Mike Novogratz Wants to Build the Goldman of Crypto and List It in Canada
January 15, 2018
CryptocurrencyNYC.com - Is Bitcoin more profitable investment than the $450M masterpiece painting by Leonardo Da Vinci?
November 16, 2017
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.
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?
CryptocurrencyNYC.com is an extremely valuable domain name that can accurately represent your cryptocurrency business in NYC, boost your web presence dramatically and generates interest and drives traffic to your site.