There were those who made a lot of money in a short time from crypto money investments, but unfortunately there were also those who lost all their money. In the meantime, people who had the title of millionaire with the name of the related crypto money for a while lost this title. So, if you had invested $1.00 in Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) 5 years ago, how much money would you have now?
A brief look at the process of investors exploring the crypto world
Investors who have invested in major US indices have enjoyed respectable returns over the past 5 years. In fact, the combined returns of the SPDR S&P 500 ETF, Invesco QQQ Trust Series 1 and SPDR Dow Jones Industrial Average ETF Trust were 48.2%, 81.8% and 37.4%, respectively, in this range. However, crypto investors have achieved much better returns during this period. Bought in October 2017 and held for the long term despite the volatility, cryptocurrency bulls have made epic returns on their investments.
The glow of cryptocurrencies is also linked to the monetary expansion of global central banks during the pandemic. As you follow on Kriptokoin.com, 2020 has been the year that Covid-19 was on the agenda of the world. In this period, central banks, especially the Fed, resorted to monetary expansion in order to alleviate the economic difficulties. As you may recall, the markets saw interest rates of zero or even below zero. In such an environment, money flowed into risk assets. Therefore, cryptocurrencies also got their share from it. In this process, cryptos such as BTC, ETH and DOGE entered a long-term bull market.
The proliferation of cryptocurrencies and their entry into the agenda of investors was mostly in 2021. Crypto prices, which have become more talked about and are on the way to adoption, recorded a serious increase in 2021. Among them, Dogecoin (DOGE), the beloved popular meme coin of Elon Musk, was one of the most pumped. The performance of the leading altcoin Ethereum (ETH) was also not underestimated. The leading crypto Bitcoin (BTC) has always seen the advantage of being the first.
How much was $1.00 BTC, ETH and DOGE?
Now, if you invested $1,000 in Bitcoin, Ethereum, and Dogecoin (DOGE) 5 years ago, how much money would you have right now?” Let’s get to the answer to our question.
- Bitcoin (BTC): $278.20
- Ethereum (ETH): $515.15
- Dogecoin (DOGE): $7,724.63
As a result of investments of $ 1.00, the most popular meme-coin Dogecoin (DOGE) has provided. DOGE, which Tesla CEO Elon Musk is a fan of, did not perform very well in 2022. However, it is still one of the most profitable cryptos from a long-term perspective. After DOGE comes the leading altcoin Ethereum (ETH). Its gain compared to DOGE is quite modest. The leading crypto with the least return is Bitcoin.
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