Home Ethereum If You Invested $1,000 In Bitcoin, Ethereum, Dogecoin And Other Cryptos 5 Years Ago, Here’s How Much You’d Have Now

If You Invested $1,000 In Bitcoin, Ethereum, Dogecoin And Other Cryptos 5 Years Ago, Here’s How Much You’d Have Now

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It’s been a good time to speculate over the previous 5 years. Just about something traders have touched has turned to gold since 2016, and the SPDR S&P 500 ETF (NYSE:SPY) whole return over that stretch has been 120.1%.

Nevertheless, cryptocurrencies have left the inventory market within the mud previously 5 years. Regardless of their excessive volatility and a growth and bust cycle in 2017 and 2018, cryptocurrency traders that purchased 5 years in the past and held on for the long-term have generated great general positive aspects.

Associated Hyperlink: If You Invested $1,000 In Canopy Growth Stock One Year Ago, Here’s How Much You’d Have Now

5-12 months Winners: Many cryptocurrencies have caught hearth in 2021, and a few specialists and analysts consider cryptos have really changed gold as the popular inflationary hedge amongst youthful traders. Right here’s how a lot $1,000 invested in every of the next cryptocurrencies again in 2016 can be value right now.

  • Ethereum (CRYPTO: ETH), $273,716.
  • Bitcoin (CRYPTO: BTC), $148,194.
  • Litecoin (CRYPTO: LTC), $87,900.
  • XRP (CRYPTO: XRP), $267,900.
  • Dogecoin (CRYPTO: DOGE), $1.03 million.

Benzinga’s Take: If you’re one of many many traders who has made a killing within the cryptocurrency market previously 5 years, it’s best to actually really feel pleased with your monetary accomplishments, particularly in case you had the foresight to purchase a few of the top-performing cryptos talked about above.

Nevertheless, one of many best issues to do within the monetary world is making a living throughout a bull market, so be certain to at all times handle danger appropriately and be ready for the following crypto market downturn just like the one which occurred in 2018.

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