In September 2017, JPMorgan CEO Jamie Dimon made headlines when he declared that he would fire any employee "in a second" for holding Bitcoin. At that time, Bitcoin was trading around $4,000. Despite the skepticism, investors who took the plunge back then have seen substantial gains.
đ A $1,000 Investment in Bitcoin:
- Bitcoin Price in 2017: $4,000
- BTC Purchased: 0.25 BTC
- Current Bitcoin Price (2024): $26,000
- Investment Value Today: $6,500
This means that if you invested $1,000 in Bitcoin at the time of Dimon's remark, you would have seen a 550% return on your investment! đ
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đ Bitcoinâs Resilience:
Bitcoin has weathered numerous criticisms and market fluctuations but continues to prove its long-term value. Its adoption as a store of value and potential for future growth remains a compelling reason for investors to hold on.
So, while Jamie Dimon may not have been a believer, those who took the risk back in 2017 have reaped the rewards.
#BTCReboundsAfterFOMC #BTCâ #Bitcoinâ #BullRunAhead #SuperMacho
