The cryptocurrency market is not only known for its high gains, but also for its steep declines of more than 50% within hours. Even Bitcoin (BTC), which has reached a trillion-dollar market value, can lose up to 30% in value with sudden news. The last time we saw such a decline was in December of last year. While the leading crypto has since lost even more value, it has yet to come close to the averages of its long-term investors. In this article, let’s take a look at what the $100 allocated to DOGE, Ethereum or Bitcoin 5 years ago looks like today. For a brief comparison, we start with the yield of US stocks over the same period.
$100 spent on Bitcoin, DOGE and Etherum today’s value
Major US stock investors have had decent returns since March 2017. In fact, the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust Series 1 (QQQ) and SPDR Dow Jones Industrial Average ETF Trust (DIA) have bounced back 77.22%, 146.34% and 58.01%. On the other hand, some of the most popular cryptocurrencies have returns that make tried-and-true investments, like ETFs, irrelevant. Early crypto investors who bought it 5 years ago and held it for the long term have reaped epic returns on their investments.
For notable returns, look no further than Dogecoin, one of the biggest shockers in the wider crypto market and a favorite of Tesla CEO Elon Musk, The meme crypto was created by software engineer Billy Markus in just 3 hours. 2021 paved the way for Dogecoin’s epic bull, accompanied by tweets from influencers, artists and billionaires. Later we saw it explode in fake meme tokens like Shiba and Floki. The list below shows what numbers would appear in your wallet today if you had $100 each in March 2017.
- Bitcoin (BTC): $4,061.86
- Ethereum (ETH): $5,136.59
- Dogecoin (DOGE): $48,844.10
If you are looking for another interesting article, you can take a look at which NFT collections celebrities have invested in which NFT collections, from Snoop Dogg to Jazy-Z, which we have compiled as Kriptokoin.com.
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