What If You Had Put $1,000 Into Bitcoin, Ethereum, XRP and Solana 5 Years Ago?

Quick Read

• Bitcoin turned $1,000 into $1,366 over five years, while Solana collapsed 45% to just $549 from the same starting investment.

• The S&P 500 ETF outperformed every cryptocurrency, growing $1,000 to roughly $1,770 with a maximum drawdown of only 24%.

• Dollar-cost averaging $200 into Bitcoin annually over five years yielded about $1,880, beating the one-time $1,366 lump-sum result.

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If you had invested $1,000 in Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), XRP (CRYPTO:XRP), or Solana (CRYPTO:SOL) five years ago, you bought in close to the peak of a major market rally. Bitcoin closed October 2021 at $61,340 and hit a high of $68,770 in November 2021, shortly before the market began to decline. As a result, investors bought all four cryptocurrencies near their highs.

Over the past 90 days, all four coins have recovered some ground, with Bitcoin up 25.6% and Solana up 37.6%. However, they are all still significantly down compared to a year ago.

We examined a $1,000 investment in each coin made on October 27, 2021, and evaluated their worth recently. Of the four cryptocurrencies, two gained value while two lost almost half their value.

Bitcoin and XRP Profited While Ethereum and Solana Experienced Losses

Bitcoin turned a $1,000 investment into about $1,366, a 36.6% increase over five years. XRP closely followed with a value of approximately $1,295 after a 29.5% gain.

On the other hand, Ethereum fell 41.1%, reducing $1,000 to about $589, while Solana fell 45.1%, leaving about $549.

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If you had split your $1,000 investment equally among the four coins, with $250 in each, your total would be about $950 based on today’s price. The two gainers absorbed most of the losses from the two decliners, but the overall investment still lost money over five years.

Source: finance.yahoo.com