If You Invested $100 In Bitcoin, Ethereum, and Dogecoin When Joe Biden Took Office, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
The article discusses the performance of Bitcoin, Ethereum, and Dogecoin since President Joe Biden took office. It also highlights the impact of Biden's cryptocurrency regulation and the stance of various political figures on cryptocurrencies. The total $300 investment in Bitcoin, Ethereum, and Dogecoin on Jan. 20, 2021, would be worth $843.75 today, representing a return of 181.3% in around two years and eight months. In comparison, investing $300 in the SPDR S&P 500 ETF Trust would have netted a return of 11.5% over the same period.
September 25, 2023 | 3:15 pm
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NEGATIVE IMPACT
Bitcoin has seen a decrease in value since Biden took office, with a $100 investment now worth $71.85, a -28.2% return.
The decrease in Bitcoin's value can be attributed to various factors including Biden's cryptocurrency regulation and the overall market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin has seen a significant increase in value since Biden took office, with a $100 investment now worth $660, a +560% return.
The significant increase in Dogecoin's value can be attributed to various factors including its popularity among retail investors and the overall market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ethereum has seen a slight increase in value since Biden took office, with a $100 investment now worth $111.90, a +11.9% return.
The increase in Ethereum's value can be attributed to various factors including its utility in the crypto space and the overall market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust has seen a return of 11.5% since Biden took office.
The return of the SPDR S&P 500 ETF Trust can be attributed to the overall performance of the S&P 500 broad market index.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80