If You Invested $100 In Bitcoin Today And It Reaches Levels When Elon Musk's Brother Called Crypto 'A Non-Starter', Here's How Much You'd Have
Portfolio Pulse from Mehab Qureshi
Kimbal Musk, Elon Musk's brother, expressed his opposition to the environmental impact of cryptocurrencies in February 2022. He is involved in Big Green DAO, an Ethereum blockchain-based crypto collective focused on food equality. Bitcoin's closing price on February 28, 2022, was $43,169.34, a 14.5% increase for the day. As of now, Bitcoin is trading at $30,607.90. If one were to invest $100 in Bitcoin today and it reaches the levels observed in February, the investment would be worth $141, a gain of 41%.
July 12, 2023 | 10:35 am
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NEUTRAL IMPACT
Kimbal Musk is involved in Big Green DAO, an Ethereum blockchain-based crypto collective. This could potentially influence Ethereum's price.
Kimbal Musk's involvement in an Ethereum-based project could potentially influence the price of Ethereum. However, the direct impact of this involvement on Ethereum's price is uncertain.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Bitcoin's price has decreased since February 2022. If it returns to its February levels, an investment made today could yield a 41% gain.
The news discusses the potential for Bitcoin's price to increase based on its historical performance. If it returns to its February 2022 levels, there could be significant gains for investors.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100