Bitcoin when Tesla first bought it, you'd be this

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much in profitThe last Bitcoin (#BTC ) bull run, which culminated in an all-time high of almost $69,000 in 2021, was mainly driven by growing institutional interest in the crypto space.Notably, electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) was among these entities after purchasing $1.5 billion worth of Bitcoin, a decision that saw the maiden crypto rise to the $44,000 mark.The February 8, 2021, announcement sent shockwaves in the financial world, signaling Bitcoin’s mainstream acceptance. At the time of the purchase, Bitcoin was valued at $38,886. Fast forward to today, July 10, 2024, and Bitcoin is trading at $58,124. Between these dates, Bitcoin has seen significant price fluctuations, including a record high of above $70,000. Tesla’s endorsement of Bitcoin not only represented a major vote of confidence from one of the world’s most influential companies but also legitimized the cryptocurrency in the eyes of traditional investors.🔸 Bitcoin’s return on a $1,000 investmentIn this line, the returns have been impressive for those savvy investors who seized the opportunity and invested $1,000 in Bitcoin on the day of Tesla’s announcement. An initial investment of $1,000 at $38,886 per Bitcoin would have purchased

approximately 0.0257 BTC

#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown $BTC .