How much is 1000 dollars invested in Bitcoin five years ago worth now?
Directly in numbers: increased by 962%, your $1000 is now $10620+.
Looking back: BTC reached an all-time high in August, breaking through $124,000 per coin. Recently, it has indeed pulled back about 10% from the top, but this is hardly significant on the long-term chart.
Why is it rising so fiercely? Several factors are overlapping:
1️⃣ The expectation of the Federal Reserve lowering interest rates is rising.
2️⃣ The policy environment is more friendly, and the regulatory framework is gradually becoming clearer.
3️⃣ Companies are entering the market, and more and more companies are incorporating BTC into their financial reserves.
Interestingly, since Bitcoin launched in 2009, despite its volatility, those who truly held on have made a fortune. There may be more opportunities after this adjustment, but it also depends on the upcoming macro environment. In short: long-term holders are still the winners.
Directly in numbers: increased by 962%, your $1000 is now $10620+.
Looking back: BTC reached an all-time high in August, breaking through $124,000 per coin. Recently, it has indeed pulled back about 10% from the top, but this is hardly significant on the long-term chart.
Why is it rising so fiercely? Several factors are overlapping:
1️⃣ The expectation of the Federal Reserve lowering interest rates is rising.
2️⃣ The policy environment is more friendly, and the regulatory framework is gradually becoming clearer.
3️⃣ Companies are entering the market, and more and more companies are incorporating BTC into their financial reserves.
Interestingly, since Bitcoin launched in 2009, despite its volatility, those who truly held on have made a fortune. There may be more opportunities after this adjustment, but it also depends on the upcoming macro environment. In short: long-term holders are still the winners.
