Here's How Much Investing $1,000 In Ethereum 5 Years Ago Would Be Worth Today
Ethereum (ETH) is the second largest cryptocurrency in terms of market capitalization after Bitcoin (BTC). The cryptocurrency was released on July 30, 2015 with Vitalik Buterin and Gavin Wood as the original authors. How has this altcoin developed over the past half decade?
Ethereal Highs: Assuming an investor had purchased $ 1,000 worth of ETH on December 23, 2015, they would have purchased 1,162.79 units at a price of approximately $ 0.86.
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Just three years to January 13, 2018, when ETH hit its all-time high of 1,432.88 and a $ 1,000 investment would have turned into $ 1.67 million.
Five years later, at press time, the $ 1,000 would be worth $ 709,740.70. The returns might not be as impressive as they were in 2018, but it's still a whopping 70,974% gain.
Even for the earliest ETH investors, the cryptocurrency sparked a bonanza that returns 21,971.12%. The earliest known price for ETH is $ 2.77 and was registered on August 7, 2015.
What about bitcoin and stocks? The Apex cryptocurrency's returns have pales in comparison to ETH as Bitcoin gained 5,295.16% over the same period. $ 1,000 would have bought approximately 2.29 bitcoins on December 23, 2015, which would have been worth nearly $ 52,956 at press time.
On the stock side, investors in Tesla Inc (NASDAQ: TSLA), Amazon.com, Inc (NASDAQ: AMZN), and Apple Inc (NASDAQ: AAPL) would have earned returns of 1,278.85%, 2,450.02% and 391.72%, respectively .
Price action: ETH was trading 2.17% higher at $ 617.13 at the time of going to press, while BTC was trading 3.54% higher at $ 23,589.53.
On Tuesday, the Grayscale Ethereum Trust (OTC: ETHE) closed 7.64% higher at $ 23.40 and the Grayscale Bitcoin Trust (OTC: GBTC) closed 1.43% lower at $ 30.39.
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