If You Had Invested $100 In Bitcoin When It Was Last Declared Dead, By Chamath Palihapitiya, Here's How Much You'd Have Today
Portfolio Pulse from Mehab Qureshi
Venture capitalist Chamath Palihapitiya declared Bitcoin (CRYPTO: BTC) dead in America in April 2023, when it was trading at $27,817.50. Despite this, Bitcoin has continued to persevere, reaching $34,522 recently. This increase was influenced by the news that BlackRock's iShares Bitcoin Trust ETF has been added to the Depository Trust and Clearing Corporation's curated list, indicating progress towards its launch. If one had invested $100 in Bitcoin when Palihapitiya made his statement, they would have seen a 22% increase in their investment today.
October 24, 2023 | 10:30 am
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POSITIVE IMPACT
Bitcoin has shown resilience despite negative sentiment, with its price increasing from $27,817.50 in April 2023 to $34,522 recently. This was influenced by the progress of BlackRock's iShares Bitcoin Trust ETF towards launch.
Despite negative sentiment from prominent figures like Chamath Palihapitiya, Bitcoin has shown resilience and continued to increase in value. The recent addition of BlackRock's iShares Bitcoin Trust ETF to the Depository Trust and Clearing Corporation's curated list has also positively influenced Bitcoin's price, indicating significant progress towards the ETF's launch.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100