Here's How Much Investing $1,000 In Bitcoin On Jan. 1, 2020 Would Be Worth Now
Bitcoin and its strong performance was one of the biggest investment stories of 2020. Investors continue to invest more money in the cryptocurrency. Bitcoin did so well in 2020.
Bitcoin performance: Bitcoin has risen in price and hit an all-time high in December.
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Investors who invested USD 1,000 in Bitcoin on January 1, 2020 could have bought .13966 Bitcoin at a starting price of USD 7,160.
Bitcoin was trading at $ 23,605 on December 23, which would translate to a value of .13966 Bitcoin worth $ 3,296.67. This corresponds to a return of 230% on the original theoretical investment.
The SPDR S&P 500 (NYSEARCA: SPY), which tracks the S&P 500 and is one of the most popular ETFs, is up 15% in 2020.
Bitcoin's 2020 performance outperformed the broader market and popular large caps like Apple Inc (NASDAQ: AAPL) and Amazon.com (NASDAQ: AMZN), which have grown 80% and 75% year-to-date, respectively.
Tesla Inc (NASDAQ: TSLA) stocks are up over 660% in 2020, outperforming Bitcoin.
Lolli, who rewards consumers with Bitcoin for shopping, tweeted that a $ 1,200 stimulus check in Bitcoin would be worth $ 4,146 as of December 22nd.
Related Link: 8 Stocks To Play Bitcoin's Resurgence
Stock Performance: Many of the stocks associated with Bitcoin rose in 2020, including miners and cryptocurrency trading platforms.
The Grayscale Bitcoin Trust (OTC: GBTC), which offers investors exposure to Bitcoin, is up 271% in 2020 and has seen large inflows.
MicroStrategy Incorporated (NASDAQ: MSTR) made headlines in 2020 for pouring its money into bitcoin and raising funds to buy additional bitcoin. The company spent over $ 1.1 billion on bitcoin in 2020 and now owns 70,470 bitcoin.
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MicroStrategy now holds 70,470 Bitcoin after issuing .1B in 2020
© 2020 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.
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