bitcoin compared to other currencies Featured snippets

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\end{align*}

Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.\begin{align*}

We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:F&=(1 + 0.01)^{240}\\This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.