+ 7.05
+ 2.21%
+ 4.00
+ 1.18%
+ 6.32
+ 1.54%
+ 1.27
+ 0.94%
+ 1.54
+ 0.9%

If You Invested $1,000 In Bitcoin, Ethereum, Dogecoin And Other Cryptos 5 Years Ago, Here's How Much You'd Have Now

April 16, 2021 5:16 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
If You Invested $1,000 In Bitcoin, Ethereum, Dogecoin And Other Cryptos 5 Years Ago, Here's How Much You'd Have Now

It’s been a great time to invest over the past five years. Virtually anything investors have touched has turned to gold since 2016, and the SPDR S&P 500 ETF (NYSE:SPY) total return over that stretch has been 120.1%.

However, cryptocurrencies have left the stock market in the dust in the past five years. Despite their extreme volatility and a boom and bust cycle in 2017 and 2018, cryptocurrency investors that bought five years ago and held on for the long-term have generated tremendous overall gains.

Related Link: Best Cryptocurrency Brokers

Five-Year Winners: Many cryptocurrencies have caught fire in 2021, and some experts and analysts believe cryptos have actually replaced gold as the preferred inflationary hedge among younger investors. Here’s how much $1,000 invested in each of the following cryptocurrencies back in 2016 would be worth today.

  • Ethereum (CRYPTO: ETH), $273,716.
  • Bitcoin (CRYPTO: BTC), $148,194.
  • Litecoin (CRYPTO: LTC), $87,900.
  • XRP (CRYPTO: XRP), $267,900.
  • Dogecoin (CRYPTO: DOGE), $1.03 million.

Benzinga’s Take: If you are one of the many investors who has made a killing in the cryptocurrency market in the past five years, you should certainly feel proud of your financial accomplishments, especially if you had the foresight to buy some of the top-performing cryptos mentioned above.

However, one of the easiest things to do in the financial world is making money during a bull market, so make sure to always manage risk appropriately and be prepared for the next crypto market downturn like the one that happened in 2018.

Related Articles

U.S. Equity Futures Lower Ahead of PPI Data, Jobless Claims; Crypto Tumbles on Musk Comments on Bitcoin's Environmental Issues

Mark Cuban Puts Money Where Mouth Is With $1M Bets On Netflix, Amazon And Crypto

Entrepreneur and NBA team owner Mark Cuban has never shied away from a good public argument. One friendly Twitter exchange led to $2 million in bets on a 10-year price appreciation performance. read more

U.S. Equity Futures Mixed Ahead of Tuesday FOMC Meeting; Bitcoin Futures Rise 5%

U.S. Equity Futures Higher Following Thursday's Selloff on Report President Biden Plan Will Almost Double Capital Gains Tax for Wealthy; Bitcoin Futures Fall 8.5% on Capital Gains Tax Concerns