Bitcoin$BTC has it stands at 65,8654 in 2024 of July . What would have happened if I had just invested $55,000🥵 into Bitcoin At the close on Nov. 23, Bitcoin was trading for $18,383.🤑🤑🤑
If you had invested $55,000 in Bitcoin at the close on Nov 23, when the price was $18,383, you would have bought:
$55,000 ÷ $18,383 = 3.00 BTC
With Bitcoin's current price at $65,865.40, your investment would be worth:
3.00 BTC × $65,865.40 = $197,596.20
That's a potential gain of:
$197,596.20 - $55,000 = $142,596.20
Or a return on investment (ROI) of:
($142,596.20 ÷ $55,000) × 100% ≈ 259.09%
Your $55,000 investment would have grown to $197,596.20, a significant increase!
Please keep in mind that this is a hypothetical scenario and cryptocurrency investments carry risks. Always do your research and consider your risk tolerance before investing.