Tuesday, July 22, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

How Much Is A $1,000 Bitcoin Purchase Worth Since JPMorgan

Simon Osuji by Simon Osuji
October 14, 2024
in Business
0
How Much Is A $1,000 Bitcoin Purchase Worth Since JPMorgan
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Bitcoin (BTC) has grown immensely since its origin. But the road to success wasn’t easy for the king coin. Over the years, the world’s largest cryptocurrency has been subject to immense hate and criticism. While some called it a scam, a few others saw it as an instrument that criminals employ. Amidst the numerous hate comments, JPMorgan’s CEO Jaimie Dimon had previously called BTC “worthless.”

Also Read: Can Shiba Inu (SHIB) Hit 1 Cent Before 2025?

Bitcoin’s Journey From “Worthless” Tag To Price Surge Predictions

Surprisingly, this statement wasn’t made too long ago and was, in fact, during the king coin’s previous peak. According to data, this statement was made in October 2021. During this time, the asset was trading at $54,771.58. This level isn’t too far from its all-time high of $73,750.07. Currently, BTC is trading 12% below this peak.

At press time, Bitcoin was trading at $64,663.17, following a 3% rise over the past 24 hours. Earlier today, BTC hit the coveted $65,000 mark, instilling hope in the market that the asset is on its way to record a new high this month.

Source

Also Read: Currency: Rupee Plummets Against The US Dollar: Why Is INR Falling Today?

Investment Analysis: $1,000 Bitcoin Purchase In 2021

If Bitcoin bulls had decided to invest $1,000 around the time Dimon made this statement, they would have raked in a slight profit. According to calculations, a $1,000 investment in 2021 would turn into $1,180. Investors would have pocketed a mere $180 more today, three years later.

Can Bitcoin Break Past $70,000 in October?

Data from Changelly reveals that Bitcoin could push past the $70,000 level as early as tomorrow. The firm revealed that BTC will increase to $70,000 later this week and surge to $75,732 in the coming days. It looks like BTC is in line to achieve its goals.

Source

Also Read: Top 3 Cryptocurrencies That Could Rally If Donald Trump Wins

Source link

Related posts

Nairobi River Cleanup Gains Momentum with Bold New Plans

Nairobi River Cleanup Gains Momentum with Bold New Plans

July 22, 2025
This is Digital Launches AI Literacy Drive in Kenya

This is Digital Launches AI Literacy Drive in Kenya

July 22, 2025
Previous Post

NCIC Summons Tana River politicians Over Ethnic Clashes

Next Post

Royal Fleet Auxiliary naval support vessel Lyme Bay visits Cape Town

Next Post
Royal Fleet Auxiliary naval support vessel Lyme Bay visits Cape Town

Royal Fleet Auxiliary naval support vessel Lyme Bay visits Cape Town

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

TotalEnergies and QaterEnergy Exit Offshore Blocks in South Africa

TotalEnergies and QaterEnergy Exit Offshore Blocks in South Africa

12 months ago
Santa Clara University Awarded Third HEED Diversity Award

Santa Clara University Awarded Third HEED Diversity Award

2 years ago
Real talk about the Republican Debates, the almost Government Shutdown, Voter Disenfranchisement

Real talk about the Republican Debates, the almost Government Shutdown, Voter Disenfranchisement

2 years ago
In rural Washington, a ‘constitutional sheriff’ and his growing volunteer posse provoke controversy

In rural Washington, a ‘constitutional sheriff’ and his growing volunteer posse provoke controversy

10 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.