It’s been a wild ride for Bitcoin throughout its 11-year history, and that’s been especially true over the past year.
This means that a $1,000 investment in Bitcoin made one year ago would be worth just over $7,100 now.
During the same period, the S&P 500 index, which is generally considered to be the best gauge of overall stock market performance, has delivered a 50% total return.
Find the best stock broker for you among these top picks.
If Bitcoin ultimately gains mainstream adoption as a currency or ends up becoming a mainstream store of value , there’s a solid case to be made that Bitcoin could ultimately rise to $500,000 or even more.
Our experts have ranked and reviewed the top online stock brokers – simply click here to see the results and learn how to take advantage of the free trades and cash bonuses that our top-rated brokers are offering.
Matt is a Certified Financial Planner® and investment advisor based in Columbia, South Carolina.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.