If You Invested $1,000 In Bitcoin When Donald Trump Said The Crypto's Value Was 'Based On Thin Air,' Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
The article discusses the significant rise in Bitcoin's value since former President Donald Trump criticized it in 2019, stating it was 'based on thin air.' Bitcoin has recently surpassed $44,000, marking new 52-week highs. Trump, who has since launched three NFT collections, is among the 2024 presidential candidates, some of whom support cryptocurrency. An investment of $1,000 in Bitcoin at the time of Trump's tweet would now be worth $3,510.84, a 251.1% return. Meta Platforms Inc. (META) was also mentioned in relation to its virtual currency project, Libra.
December 14, 2023 | 5:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Meta Platforms Inc. was mentioned in relation to its past virtual currency project, Libra, which Trump criticized. The company's involvement in the crypto space could be of interest to investors.
While the article mentions Meta's past project Libra, it does not provide current information on Meta's involvement in cryptocurrency that would directly impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Bitcoin has seen a significant increase in value, recently surpassing $44,000 and marking new 52-week highs, despite Trump's past criticism. An investment of $1,000 at the time of Trump's negative tweet would now be worth $3,510.84.
The article highlights the strong performance of Bitcoin since Trump's critical comments, suggesting continued investor optimism and potential for further gains, especially with the renewed interest in spot Bitcoin ETFs.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100