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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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
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