Tesla Motors (TSLA) – If You Invested $1,000 in Bitcoin, Dogecoin, and Ethereum in Early 2021, Here’s How Much You’d Have Today
The year 2021 may go down as the year of many things, including another year when cryptocurrency became more of a mainstream topic and investment.
As cryptocurrencies became more talked about, many also increased in value in 2021, including three of the most popular names.
Here’s a look at how Bitcoin, Dogecoin and Ethereum have performed from the start of 2021 to now.
What Happened: Bitcoin BTC/USD earned through 2021 and was added to the balance sheet for Tesla Inc TSLA, Block Inc SQ and other listed companies during the year.
Dogecoin DOGE/USD was one of the most searched for cryptocurrencies in 2021 and exploded in value thanks to popular names like Elon Musk and Mark Cuban public support for the “meme crypt.”
Ethereum ETH/USD gained in popularity and use with the growing trend of non-fungible tokens, with many using the Ethereum blockchain.
Related link: 2021 was the year of Dogecoin: a month-by-month look back with top stories
Investment $1000 in BTC, DOGE, ETH: A $1,000 investment in each of the three most popular cryptocurrencies would have turned out to be a winning trade in 2021. Here’s a look at how a hypothetical investment ended up in 2021 for each of the three cryptocurrencies mentioned.
Bitcoin traded at a high of $29,600.62 on January 1, 2021. A $1,000 investment in Bitcoin on the first day of the year could have bought 0.0338 BTC. Bitcoin ended 2021 at a price of $46,306.45. The $1,000 investment ended in 2021 at a value of $1,565.16. At the time of writing, $1,000 in Bitcoin would be worth $667.68.
Dogecoin traded at a high of $0.005685 on January 1, 2021. A $1000 investment in Dogecoin on the first day of the year could have bought 175,901 DOGE. Dogecoin ended 2021 at a price of $0.1705. The $1,000 investment ended in 2021 at a value of $29,991.12. At the time of writing, $1000 in Dogecoin would be worth $10939.28.
Ethereum traded at a high of $749.20 on January 1, 2021. A $1000 investment in Ethereum on the first day of the year could have bought 1.3348 ETH. Ethereum ended 2021 at a price of $3,682.63. The $1,000 investment ended in 2021 at a value of $4,915.57. At the time of writing, $1000 in Ethereum would be worth $2074.63.
Investing $1,000 in each of the three coins on January 1, 2021 would have ended 2021 with a value of $36,471.85.
Until September 3, 2022, the hypothetical investments in the three well-known cryptocurrencies will be worth $13,681.59. While this is down significantly from 2021 closing values, it is also still up 1,268% since the start of 2021. The value of Bitcoin is down around 33% since the start of 2021 and Ethereum and Dogecoin are up over 100% since the start of 2021 .
