If You Invested $1000 In Bitcoin, Ethereum Or Apple Stock When Tim Cook Said He Owned Cryptocurrency, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
The article discusses the impact of investing $1000 in Bitcoin, Ethereum, or Apple stock around the time when Apple CEO Tim Cook revealed his personal ownership of cryptocurrency in late 2021. The value of such investments in Bitcoin and Ethereum would have decreased by 60.9% and 65.0% respectively, while an investment in Apple stock would have increased by 19.3%. An investment in the SPDR S&P 500 Global ETF Trust would have decreased by 1.8%.
September 12, 2023 | 4:12 pm
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NEGATIVE IMPACT
Investing $1000 in Bitcoin when Tim Cook revealed his crypto ownership would have led to a 60.9% decrease in value.
Despite Tim Cook's endorsement, the value of Bitcoin decreased significantly since his announcement, leading to a 60.9% loss for investors who bought at that time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Investing $1000 in Ethereum when Tim Cook revealed his crypto ownership would have led to a 65.0% decrease in value.
Despite Tim Cook's endorsement, the value of Ethereum decreased significantly since his announcement, leading to a 65.0% loss for investors who bought at that time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Investing $1000 in the SPDR S&P 500 Global ETF Trust when Tim Cook revealed his crypto ownership would have led to a 1.8% decrease in value.
The value of the SPDR S&P 500 Global ETF Trust decreased slightly since Tim Cook's announcement, leading to a 1.8% loss for investors who bought at that time.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investing $1000 in Apple stock when Tim Cook revealed his crypto ownership would have led to a 19.3% increase in value.
The news of Tim Cook's personal investment in cryptocurrency did not negatively impact Apple's stock price. Instead, the stock price increased by 19.3% since his announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100