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

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Benzinga 16 April, 2021 - 04:16pm 22 views

Is Coinbase publicly traded?

Coinbase on Wednesday became the first major cryptocurrency company to be publicly traded on the Nasdaq. Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go public when it made its stock market debut on Wednesday. NPRCoinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The 'Future Of Finance'?

What does Coinbase IPO mean?

How Is Coinbase Going Public? An initial public offering is how Wall Street describes the process by which a private company makes its debut on the public stock market. With an IPO, a company hires big investment banks to help it sell shares of stock to the public. ForbesCoinbase IPO: Here's What You Need To Know

When does Coinbase list on Nasdaq?

MUMBAI: The much-awaited listing of crypto exchange Coinbase will take place on Nasdaq on 14 April. LivemintCoinbase to list on Nasdaq today: How Indians can invest in the company

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.

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.

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.

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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