Here’s How Much You’d Have Now If You Invested $1,000 In Bitcoin, Ethereum, Dogecoin And Cardano 5 Years Ago
Investors who have put money into major U.S. indices have enjoyed respectable returns over the past 5 years. In fact, the SPDR S&P 500 ETF (NASDAQ: SPY (NYSE:)), Invesco QQQ Trust Series 1 (NASDAQ: QQQ) and SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: NYSE:) totals return over that stretch have been 64.9%, 112.8% and 45.9% respectively.
As good as investors in the major US indices have had it over the past 5 years, cryptocurrencies have been that much better. Cryptocurrency bulls that bought in September 2017 and held on for the long-term, despite the volatility, have been treated to epic returns on their investment.
See Also: Is A Good Investment?
Winners Since September 2017: Here’s how much $1,000 in each of the following cryptocurrencies bought back in the summer of 2017 would be worth today:
- (CRYPTO: BTC): $5,895.60
- (CRYPTO: ETH): $5,975.40
- (CRYPTO: DOGE): $50127.10
- (CRYPTO: ADA): $4,636.50
See Also: Here’s How Much You’d Have Right Now If You Invested $1,000 In Apple (NASDAQ:) Shares When Steve Jobs Resigned As CEO In 2011
Dogecoin has lost around 13% to $0.064 since mid August. The crypto has continued its ongoing popularity following Tesla Inc (NASDAQ: NASDAQ:) CEO Elon Musk’s endorsement of the meme coin as his favorite cryptocurrency… Read More
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This news is republished from another source. You can check the original article here.