23 May 2023
What if - Comparing investing in crypto in 2017 to 2018Last week, we showed what would happen if you invested in cryptocurrencies in early 2018. Investing in early 2018 was, in hindsight, the worst timing possible. Now, what if you, instead of reacting to the hype in late 2017, were ahead of the curve?
In this article, we explore the returns on the top 10 cryptocurrencies by market cap in early January 2017. We compare the returns to if you did the same in 2018. Even though many of the coins are the same, your return would be quite different...
Let's say you, at the beginning of 2017, decided to invest in crypto. In this case, your investment return would be quite different than if you waited for 2018. Instead of a measly 6% return on the market cap-weighted buy of the top 10 in 2018, your portfolio of cryptocurrencies would be 35 times more worth than when you bought them in January 2017.