Investors Dollar-Cost Averaging Bitcoin Since 2017 Made a 61.8% Return
Cointelegraph
Published Aug 06, 2020 11:24PM ET
Updated Aug 07, 2020 01:00AM ET
Researchers at Coin Metrics found that investors who dollar-cost averaged into Bitcoin (BTC) since the $20,000 peak in 2017 would still be profitable. According to researchers, an investor who continuously bought BTC over the past three years would have a 61.8% return.
Although the price of Bitcoin fell significantly from $20,000, there were extreme low points in 2019 and 2020. Investors who capitalized on these strong downtrends will easily be sitting on handsome profits today.
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Written By: Cointelegraph
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