Much has been said in recent months about Bitcoin’s (BTC) trials and tribulations. By press time on March 25, the world’s premier cryptocurrency had underperformed the hopes of many bulls and, despite the latest positive moves, remains some $20,000 below its recent highs.
Still, BTC’s overwhelming success and proliferation are nowhere seen better than in the big picture, and zooming out beyond the shortest of timeframes reveals just how far Bitcoin has come and how much price appreciation its fundamental structure enabled.
Seeking to escape the current woes, worries, and fears, Finbold elected to examine the coin’s path over the last five years and see how much a $5,000 investment made on March 25, 2020, would have risen by today.
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Bitcoin investment made five years ago would have appreciated this much
To begin with, Bitcoin is changing hands at $88,649 at press time, having fallen 7.77% year-to-date (YTD), risen 25.62% in the last 12 months, and skyrocketed more than 65,000% since 2014.
On March 25, 2020 – exactly five years before press time – BTC was trading at approximately $6,681, having fallen from the 2019 highs above $10,000.
Such a setup means that, within just 60 months, Bitcoin soared nearly $82,000 – 1226.88% – for an average daily gain of $44.91, though the real picture isn’t as elegant or straightforward due to high volatility.
Finally, the price appreciation ensures that traders who invested $5,000 in 2020 would have close to one entire Bitcoin, and the value of their cryptocurrency holdings would have risen to $66,354 – $61,354 in profits.
Featured image via Shutterstock
