If you invested $1,000 in bitcoin 5 years ago, here's how much you'd have now
The value of bitcoin hit an all-time high of nearly $20,000 in December 2017. Less than a year later, however, its value has dropped to about $6,400, according to digital-currency website CoinDesk, whose Bitcoin Price Index tracks prices from several key exchanges.
Still, even though bitcoin is worth a lot less today than it was at its peak, if you invested $1,000 five years ago, you would have made a profit. While the value of one bitcoin hit highs of around $1,000 and lows below $600 during December 2013, when the cryptocurrency began to go mainstream, it hovered around $1,000 early in the month. A bitcoin purchased at $1,000 would be worth about $6,400 Thursday, or over six times as much, and your total gain would be over $5,000. This estimate does not include any additional fees or transaction costs. If you bought bitcoin at its high near $20,000, $15,000, or even at $10,000, though, you would have lost money: around $13,600, $8,600 or $3,600, respectively.
Bitcoin (BTC) is down 0.36% over the past 24 hours and is currently trading at $6,401.96 on Coinbase. BTC dominance is at 53.6% and the market cap is currently at $112,274,551,218.
Click here to open an account at Coinbase and get $10 worth of FREE bitcoin
