If You Bought Your Mom $100 In Bitcoin, Dogecoin And Ethereum Last Mother's Day, Here's How Much She'd Have Today
Portfolio Pulse from Chris Katje
The article discusses the potential returns on investments in Bitcoin, Dogecoin, and Ethereum if purchased for Mother's Day in 2023, highlighting a significant gain of 95.5% by the time of writing. It contrasts this with losses in previous years and notes the impact of SEC's approval of Bitcoin ETFs on the cryptocurrency market.
May 12, 2024 | 2:14 pm
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POSITIVE IMPACT
A $100 investment in Bitcoin on Mother's Day 2023 would now be worth $226.33, reflecting the positive impact of SEC's approval of Bitcoin ETFs on its price.
The SEC's approval of Bitcoin ETFs has likely contributed to increased investor confidence and demand for Bitcoin, driving up its price and resulting in a significant return on investment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
A $100 investment in Dogecoin on Mother's Day 2023 would now be worth $199.60, showcasing the cryptocurrency's resilience and growth.
Dogecoin's price appreciation reflects a broader interest and acceptance of cryptocurrencies, contributing to its nearly double return on investment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
A $100 investment in Ethereum on Mother's Day 2023 would now be valued at $160.67, indicating strong performance amidst the crypto market's recovery.
Ethereum's increase in value can be attributed to the overall recovery of the cryptocurrency market and its ongoing developments, leading to a solid return on investment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80