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.
Scroll to continue with the content
Microsoft and Redis
Meet the fast and fully managed in-memory data store.
Don't miss the opportunity to hear the unique perspectives from Microsoft and partner specialists and learn more about Azure Cache for Redis.
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 (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.
See more from Benzinga
Click here for Benzinga option trades
MicroStrategy now holds 70,470 Bitcoin after issuing .1B in 2020
© 2020 Benzinga does not offer investment advice. All rights reserved.
In this article
+ 0.07%

You should check here to buy the best price guaranteed products.

Last News

Tiffany Haddish and Common Split After a Year Together: They're 'Too Busy for a Serious Relationship'

There's Only One Way to Stop the Emergence of Variants Like Omicron

Jefferies Equity Analyst Hamzah Mazari joins Yahoo Finance Live to discuss the outlook and price targets for Avis.

How One Family is Being Impacted by the Texas Law Targeting Transgender Students

Black Friday who? Walmart saved its biggest, baddest deals for Cyber Monday

'Fight for Trump!': The FBI Has Identified 'Swedish Scarf,' A Most Wanted Capitol Rioter