The globe has seen Bitcoin (BTC) painted in several colors over the past few months. Despite its slow start to 2024, the king’s coin gained momentum towards the end of the year. This rally was linked to Donald Trump’s support for the world’s largest cryptocurrency. When Trump took office, the price of BTC was seen to rise. This article highlights the potential return on BTC if just $1000 was invested on election day.
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Looking at Bitcoin’s current price
The asset’s start to 2025 appeared to be in jeopardy in mid-January as the asset fell and was unable to recover until falling to around $80,000. But soon enough, Bitcoin recovered from a brief dip below $90,000 and started to recover. The sovereign exceeded $108,000, its previous high, and set a new high.
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Evaluate returns
The American election took place already in November. During that day, Bitcoin was priced between $67,000 and $68,000. While many predicted price growth, some acted on it as well. A $1,000 investment back in the day would translate into a 61.65% profit today. $1,000 would have turned into $1,616.52 with BTC reaching its all-time high.
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