Investors who have put money into major U.S. indices have enjoyed respectable returns over the past 5 years. In fact, the SPDR S&P 500 ETF SPY, Invesco QQQ Trust Series 1 QQQ and SPDR Dow Jones Industrial Average ETF Trust DIA totals return over that stretch have been 64.9%, 112.8% and 45.9% respectively.
As good as investors in the major US indices have had it over the past 5 years, cryptocurrencies have been that much better. Cryptocurrency bulls that bought in September 2017 and held on for the long-term, despite the volatility, have been treated to epic returns on their investment.
See Also: Is Shiba Inu A Good Investment?
Winners Since September 2017: Here’s how much $1,000 in each of the following cryptocurrencies bought back in the summer of 2017 would be worth today:
- Bitcoin BTC/USD: $5,895.60
- Ethereum ETH/USD: $5,975.40
- Dogecoin DOGE/USD: $50127.10
- Cardano ADA/USD: $4,636.50
Dogecoin has lost around 13% to $0.064 since mid August. The crypto has continued its ongoing popularity following Tesla Inc TSLA CEO Elon Musk's endorsement of the meme coin as his favorite cryptocurrency... Read More
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Visit Benzinga's Crypto Homepage - 1,000,000+ depend on Benzinga Crypto every month