What if you invested $1,000 in Bitcoin 8 years ago?

If you took a chance on bitcoin early on, your investments could have paid off big time. Almost a decade ago, the value of a single bitcoin was worth around a quarter-of-a-cent or .0025. Today, that single bitcoin is worth over $6000. If you invested $1,000 in bitcoin 8 years ago, here’s how much you’d have now.

What is the best way to invest 1000 dollars in cryptocurrency?

The best way to invest 1000 dollars in cryptocurrency is to put $500 in Bitcoin, $300 in Ethereum, and $200 in Chainlink. The expected ROI of this portfolio is 2.866 in 2021, making the investment grow to $2866. With this portfolio, you might make great returns, while taking on relatively little risk.

How much is bitcoin worth in 2021?

A $1,000 investment in bitcoin at the beginning of the year at a price of $29,290 would have bought you 0.034 tokens, which would be worth about $1,632 at Tuesday afternoon’s price of $49,150 per coin. The world’s largest cryptocurrency by market cap had a strong 2021, with its value increasing about 65% between Jan. 1 and late December.

How much money can you make selling Bitcoin?

The price of bitcoin then was $0.08 per coin. For $1,000 dollars at that time you could have purchased 12,500 bitcoins. As of this moment, one bitcoin is worth $6,000, meaning that if you were to sell now you would have made $75M. Therefore, you would have earned a 7.5M% profit off of your initial investment.