If you invested $1,000 in bitcoin 10 years ago, here’s how much money you would have now
Bitcoin is currently priced over $52,000, reaching this level for the first time since November 2021, marking a significant recovery for the volatile cryptocurrency. In November 2022, it was trading at less than a third of its current value.
If $1,000 had been invested in bitcoin one, five, or 10 years ago, it would now be worth different amounts based on the current price of $51,793 on Feb. 14. If the investment was made a year ago, it would have grown by 133%, resulting in an approximate value of $2,331. Five years ago, the growth would have been 1,352%, worth around $14,524, and 10 years ago, the growth would have been 7,644%, worth around $77,443 as of Feb. 14.
For those who bought bitcoin when the ETFs were launched on Jan. 11, a $1,000 investment would now be worth $1,113.
Given the speculative nature of cryptocurrencies, financial experts often advise investing an amount that one is comfortable with potentially losing. They also note that past performance does not guarantee future success, but suggest that a small portion of crypto can be included in a diversified investment strategy.
Financial planner Chris Diodato recommends holding a small amount of cryptocurrencies, around 1% or 2% of an entire portfolio. He also cautions against investing more due to the significant volatility and the lack of cash flow in cryptocurrencies compared to traditional investments.
Instead of focusing on individual stocks or assets, experts often advise investing in low-cost index funds or ETFs to achieve automatic diversification. For example, investing in the S&P 500 allows you to hold a portion of around 500 of the largest publicly traded companies in the U.S., minimizing the risk tied to a single company.
As of Feb. 14, the S&P 500 has grown by about 21% compared to the previous 12 months. Since 2019, it has grown by approximately 82%, and since 2014, it has increased by around 172%.
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