GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Back then, thecryptocurrencyseemed risky to many, yet those who made the leap have seen incredible returns.
Heres how much an investment in Bitcoin ahead of the last Inauguration Day would be worth now.
Also seefive stocks to invest in ahead of Inauguration Day, according to experts.
Specifically, it closed at $35,547.75, per Yahoo Finance.
At the time, skepticism loomed large.
Traditional investors were just starting to take notice, and many folks doubted its future.
Fast forward to today, and Bitcoin has smashed previous records, rising above $100,000 after the election.
This means that even the most cautious investors who jumped in back then would have reaped significant rewards.
How Much Would Your Investment Be Worth Today?
On Dec. 23, 2024, Bitcoin closed at $94,686.24.
Compared with its closing price on Inauguration Day, Bitcoin has seen a 166.36% gain.
By mid-2021, Bitcoin surged to over $60,000, doubling its price in just a few months.
Why Bitcoin Thrived: The Bigger Picture
The explosive rise of Bitcoin wasnt by chance.
According to Sharilov,economic and geopolitical factorsplayed a crucial role.
Bitcoins decentralized nature and limited supply make it an attractive hedge againstcurrency depreciation and market instability.
While its volatile, its long-term growth has consistently rewarded patient investors, Lokenauth said.
Early Investors Get Rewarded
Those who took the risk on Bitcoin in early 2021 earned massive returns.
Timing Matters but Long-Term Thinking Wins
Sharilov advised patience.
Bitcoins price moves in cycles, and sharp corrections are normal.
If youre ready to wait and endure volatility, Bitcoin remains a coin worth investing in, he said.
Dont Bet the Farm
While Bitcoins growth has been phenomenal, its volatility is a double-edged sword.
Invest only what you could afford to lose and focus on long-term gains, Lokenauth said.
Looking Ahead: Will History Repeat?
With another Inauguration Day on the horizon, investors are wondering whether Bitcoins success story will repeat itself.
Sharilov offered a word of advice: Just like in 2021, were in a period of economic uncertainty.
History has shown that Bitcoin thrives during such times as investors seek refuge frominflation and currency devaluation.
Lokenauth echoed this sentiment, suggesting that its not too late to get started.
The key is to think long-term, diversify your portfolio and not panic during downturns, he advised.
While the ride has been bumpy, those whove held on have seen massive gains.
As both experts agree, Bitcoin remains a high-risk, high-reward investment.
More From GOBankingRates
Share This Article:
