Bitcoin: How much you could have made by investing £1,000 in crypto this year
Bitcoin has risen astronomically since its invention over a decade ago, in both popularity and value. Whilst people who jumped on board early on in the cryptocurrency’s life were able to make huge profits, there has still been potential to make money by investing in Bitcoin in 2021.
In fact, a purchase worth £1,000 on January 1, 2021, at a price of £21,159.80 per coin would now be worth £1,567.86.
That would mean a profit of £567.86 from an investment of just £1,000, which equates to a profit margin of 56.79 percent.
The price of Bitcoin has fluctuated considerably on a month-to-month basis throughout 2021, with many highs and lows.
Between January 1 and February 1, the price of one Bitcoin increased to £24,246.97, an increase of 14.59 percent.
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