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 66.1%, 122.1% and 47.5% 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 July 2017 and held on for the long-term, despite the volatility, have been treated to epic returns on their investment.
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Winners Since August 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: $6,027.20
- Ethereum ETH/USD: $8,218.10
- Dogecoin DOGE/USD: $39,180.00
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Dogecoin has gained around 21% to $0.073 since late June. 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