So You Told Your Family To Invest In Bitcoin, Dogecoin, Ethereum At Thanksgiving Last Year? Here's How Much They Now Have (And Why You Might Be Invited Back To The Adult Table)
Portfolio Pulse from Chris Katje
The article discusses the performance of Bitcoin, Dogecoin, and Ethereum since Thanksgiving 2021, highlighting significant losses for those who invested then. However, it notes that investments made in these cryptocurrencies on Thanksgiving 2022 would have seen a combined increase of 61.5%. It also compares this performance to the SPDR S&P 500 ETF Trust, which would have increased by 12.8% over the same period.
November 23, 2023 | 1:46 pm
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NEGATIVE IMPACT
Dogecoin investments from Thanksgiving 2021 are down 64.6%, but those from Thanksgiving 2022 are down 9.2%.
Despite a less severe loss for Dogecoin investments made in 2022, the overall negative performance suggests a short-term negative impact on DOGEUSD.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bitcoin investments from Thanksgiving 2021 are down 72.3%, but those from Thanksgiving 2022 are up 123.3%.
The article indicates a significant recovery for Bitcoin investments made during Thanksgiving 2022, suggesting a positive short-term impact on BTCUSD.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ethereum investments from Thanksgiving 2021 are down 72.5%, but those from Thanksgiving 2022 are up 70.5%.
The article shows a strong recovery for Ethereum investments made during Thanksgiving 2022, indicating a positive short-term impact on ETHUSD.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
A $1,000 investment in the SPDR S&P 500 ETF Trust on Thanksgiving 2022 would be worth $1,128.45 today, up 12.8%.
The SPDR S&P 500 ETF Trust (SPY) has shown a steady increase since Thanksgiving 2022, suggesting a positive short-term impact on the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80