A $ 1,000 investment in Ethereum 5 years ago would have made you reasonably wealthy, so to speak
Ethereum (ETH) is the second largest cryptocurrency after Bitcoin (BTC) in terms of market capitalization. The cryptocurrency was launched on July 30, 2015, with Vitalik Buterin and Gavin Wood as its original authors. So, how has that altcoin fared in the last half decade?
Ethereal Highs: Assuming an investor bought $ 1,000 in ETH on December 23, 2015, he would have purchased 1,162.79 units priced at approximately $ 0.86.
Just go three years to January 13, 2018, when ETH reached its highest record of $ 1,432.88 and that $ 1000 investment would have turned into $ 1.67 million.
Five years later in relation to the launch, the $ 1,000 would be worth $ 709,740.70. The returns may not be as impressive as those of 2018, but it is still a colossal gain of 70,974%.
Even for early ETH investors, the cryptocurrency triggered a boom, returning 21,971.12%. The oldest known price for ETH is $ 2.77, recorded on August 7, 2015.
And as for Bitcoin and stocks: the cryptocurrency’s peak returns pale compared to ETH, as Bitcoin appreciated 5,295.16% in the same period. $ 1,000 would have purchased approximately 2.29 Bitcoins on December 23, 2015, which would be worth almost $ 52,956 at the time of this writing.
On the stock side, investors at Tesla Inc, Amazon.com, Inc and Apple Inc would have achieved returns of 1,278.85%, 2,450.02% and 391.72%, respectively.
ETH is trading up 2.17% today at $ 617.13 at the time of publication, while BTC is trading up 3.54% at $ 23,589.53.
On Tuesday, the Grayscale Ethereum Trust closed up 7.64%, at $ 23.40, and the Grayscale Bitcoin Trust closed up 1.43%, at $ 30.39.
Source: Yahoo Finance