If You Invested $1,000 in Bitcoin When Donald Trump Appeared on CNN in 2016, Here’s How Much You’d Have Now

One of the most talked about TV interviews happened on Wednesday night, with the former president Donald Trump participates in a town hall on CNN.

The event was significant as it came after several major headlines involving Trump. The interview was also a long time coming, as it followed years of Trump not appearing on the cable network.

How long has it been since Trump last appeared for an interview on CNN? Leading cryptocurrency Bitcoin BTC/USD still traded for less than $1000.

What happened: Trump made his first appearance on CNN since 2016, and was interviewed by Kaitlan Collins in a town hall on Wednesday 10 May 2023.

The interview came a day after Trump was found liable for violence and defamation in a case brought to court by a writer E. Jean Carroll.

Trump has spoken ill of CNN in the past, with his last appearance on the network in 2016.

“No, not CNN please. I told you CNN is fake news. Don’t talk to me,” Trump told Collins, who previously worked as a White House correspondent for CNN, during a 2020 briefing.

Trump’s lawyers once described CNN as a “purveyor of fake news” in a previous lawsuit.

CNN, which is owned by Warner Bros. Discovery WBD has been seen as a supporter of Florida’s governor Ron DeSantis in a potential bid for the presidency, which may have also led to Trump appearing on the network.

Trump’s appearance on CNN also marked a change in the former president’s preference for Fox News, which is owned by Fox Corporation FOXFOXA. Over the years, Trump has made a number of appearances on Fox News, but a recent spat may cause Trump to now decide to be interviewed elsewhere.

Trump lashed out at Fox News for its “ridiculous defense of the 2020 presidential election,” going so far as to call the network “fake news.” Trump also said he would not commit to appearing at a Republican primary debate on Fox as it would be hosted by “angry, TRUMP & MAGA hating anchors.”

Among the topics discussed between Trump and Collins on Wednesday were the events of January 6, 2021, the 2020 election and the pending default on the US national debt.

The last time Trump spoke to CNN, it was an interview with Jake Tapper that the former president commented on Hillary Clinton, Trump’s thick skin and temper, and a judge in a case against Trump University.

Here’s a look at how Bitcoin and SPDR S&P 500 ETF Trust SPY has performed since the last Trump interview.

Related Link: How to Buy Bitcoin

Investment $1000 in Bitcoin: Trump’s last interview with CNN aired on June 5, 2016, with Tapper interviewing Trump ahead of the 2016 election.

An investor could have bought 1.7158 BTC on the day the interview aired, based on the intraday high ($582.81) for the leading cryptocurrency.

The investment of $1,000 would be worth $46,627.53 today, based on a price of $27,175.39 at the time of writing. This represents a return of 4,562.8% since the Trump interview aired.

The same $1,000 invested in the SPDR S&P 500 ETF, which tracks the S&P 500, would be worth $1,955.58 today. This represents a 95.6% return since the interview between Trump and Tapper aired on CNN.

Trump won the election in 2016, and the stock market enjoyed several years of positive returns. Bitcoin produced returns that significantly outperformed leading stock market indices.

While Trump did not mention Bitcoin in the 2016 interview, the hypothetical investment shows how much the price of the leading cryptocurrency has grown over the past eight years, even with a significant pullback from the all-time highs realized in November 2021.

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