If You Invested $1,000 In Bitcoin When Chamath Palihapitiya Said To Allocate 1%, Here's The Staggering Return You'd Have Now
Portfolio Pulse from Chris Katje
Chamath Palihapitiya, known for his SPAC deals and early investments in Meta Platforms, Tesla, and Bitcoin, advised allocating 1% of assets into Bitcoin in 2013. Since then, Bitcoin's value has soared, and a $1,000 investment at the time would be worth $210,112.16 today.
June 02, 2023 | 6:48 pm
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NEGATIVE IMPACT
A $1,000 investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) on May 30, 2013, would be worth $2,547.13 today, significantly less than the same investment in Bitcoin.
Comparing the returns of a $1,000 investment in Bitcoin and the SPDR S&P 500 ETF Trust (NYSE:SPY) since 2013, it is clear that Bitcoin has significantly outperformed the overall stock market. The same investment in SPY would be worth $2,547.13 today, which is much less than the $210,112.16 value of the Bitcoin investment. This highlights the potential missed opportunity for investors who chose to invest in the stock market instead of Bitcoin.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Bitcoin's value has soared since Chamath Palihapitiya's 2013 advice to allocate 1% of assets into it, with a $1,000 investment now worth $210,112.16.
Chamath Palihapitiya's 2013 advice to allocate 1% of assets into Bitcoin has proven to be a highly profitable investment. The value of Bitcoin has increased significantly since then, and a $1,000 investment at the time would now be worth $210,112.16. This demonstrates the strong growth potential of Bitcoin and its impact on investors who followed Palihapitiya's advice.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100