Bitcoin’s Financial Returns (Full Calculations)

As a supplement to my recent piece at the American Institute for Economic Research, I here report all sources and calculations used.

Investigating bitcoin’s returns over the 2010s is far from easy, particularly so in the early years when bitcoin still wasn’t more than a playing toy on a mailing list. Despite growing up in the digital age, few people cared about bitcoin or its dollar-price exchanges in 2010 — meaning almost nobody took care to preserve those crucial early trades.