If you invested $100 in BTC and ETH last Christmas, here’s how much they would be worth now
Last Christmas, the crypto market was in the midst of a prolonged winter. But this year, the value of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) has seen a significant contrast compared to the previous year. If you had the foresight to invest or gift someone $100 worth of BTC and ETH last Christmas, you’d be reaping some handsome profits today.
Bitcoin’s impressive growth
On Christmas Day in 2022, Bitcoin was valued at around $16,900. Today, it stands at approximately $43,500. This means that a $100 investment in Bitcoin a year ago would now be worth about $257.4, representing a 157.4% increase.
Ethereum’s soaring performance
Ethereum has also shown remarkable growth. It has surged from about $1,200 on Christmas Day 2022 to around $2,290 today. Consequently, a $100 investment in Ethereum last Christmas would now amount to approximately $190.83, marking a 90.8% increase.
Positive outlook for 2024
As we head into 2024, the crypto market is filled with optimism. The introduction of Bitcoin ETFs and the upcoming halving event have raised hopes for a bull market that could surpass previous all-time highs. Analysts are optimistic about the future but acknowledge that market sentiment will play a crucial role in determining how things unfold in the new year.
Hot Take: Crypto Investments Prove Lucrative This Christmas
If you had invested just $100 each in Bitcoin and Ethereum last Christmas, you would now be sitting on significant profits. Bitcoin has seen a remarkable surge, with a 157.4% increase in value, while Ethereum has also soared by 90.8%. These impressive gains highlight the potential of cryptocurrencies as long-term investments. As we enter 2024, the market is buzzing with positivity, fueled by the anticipation of Bitcoin ETFs and the halving event. While no one can predict the future with certainty, it’s clear that crypto investments have proven lucrative this holiday season.
Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension. An unwavering beacon for both seasoned adventurers and neophytes in the crypto cosmos, Noah’s insights forge a compass for informed decision-making amidst the tides of ever-evolving cryptocurrencies. With an artist’s eye for precision, he crafts a distinctive narrative, enriching the vibrant tableau of the crypto landscape.
