If You Gifted Your Family $100 In Bitcoin, Dogecoin And Ethereum Last Christmas, Here's How Much They Would Have This Christmas
Portfolio Pulse from Chris Katje
The article discusses the value appreciation of $100 gifts in Bitcoin, Dogecoin, and Ethereum from Christmas 2022 to the present, highlighting an 86.5% increase to $559.61. In contrast, a $100 investment in the SPDR S&P 500 ETF Trust (SPY) would have yielded a 23.7% return. The article suggests that cryptocurrency gifts may have been more rewarding than traditional gifts or investments in the S&P 500 over the past year.
December 25, 2023 | 2:00 pm
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A $100 investment in SPY last Christmas would be worth $123.72 today, a return of 23.7%, which is significantly lower than the return on major cryptocurrencies over the same period.
The article compares the performance of cryptocurrencies to that of the SPY ETF, indicating that while SPY had a positive return, it was outperformed by cryptocurrencies. This comparison is not likely to have a significant short-term impact on SPY as it is a broad market ETF and not directly related to the performance of cryptocurrencies.
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