Exploring the Price Gains for Bitcoin and Ethereum

The enormous cryptocurrency price gains in November and December 2017 have generated massive public interest in Bitcoin and other digital currencies. This rise has also allowed some early investors to claim paper profits in the hundreds of millions of dollars. The famous Winklevoss twins from the Facebook origin story are now reportedly some of the first Bitcoin billionaires.

And the investing community is taking notice, with new futures markets for Bitcoin starting up, a move which many see as legitimizing the cryptocurrency among the broader investing public.

Hitting $1,000 incremental milestones for Bitcoin is now happening in a matter of hours, with the price in some cases moving up several thousand dollars in less than an hour. Here are some of the milestones that have happened to the price of BTC.

  • In the spring of 2011 Bitcoin reaches parity with the U.S dollar. $1,000 invested at $1.00 would be worth $17 million at the $17,000 price point.
  • BTC moves above $1,000 for the first time in November of 2013, but quickly falls.
  • The cryptocurrency started 2017 at a price less than $1,000.
  • On December 7, 2017 the currency nearly eclipsed $20,000, after hitting the $10,000 milestone for the first time on November 28, 2017.

While Ethereum is garnering less attention due to the rise of Bitcoin, it has still enjoyed returns that outperform nearly any other investment vehicle. The price of one Ether coin in January 2016 was around $1.00 per coin, and it’s now hovering around $450, so $1,000 invested at that point would be worth close to $450,000 today. Many in the cryptographic community see tremendous value in Ethereum’s blockchain, especially its suitability for “smart contracts” and expect the price to accelerate quickly in the coming years.

When investing in a Bitcoin or Ethereum IRA, it’s important to look past the recent meteoric price gains and instead see the potential of both cryptocurrencies as attractive long-term investments.




Add Comment

Selling Items Online: Key Platforms and Sellers Tips
10 Things You Didn’t Know About Slalom Consulting CEO Brad Jackson
Ready, Set, Be an Agent for Change!
10 Things You Didn’t Know about Insight CEO Ken Lamneck
The 10 Best Credit Card Strategies for Married Couples
How the End of Net Neutrality Could Affect Your Finances
How to Get Health Insurance if You Missed the Enrollment Deadline
The Best Ways to Recover from Overspending on Holidays
Voice Interfaces are Finding Their Way into Businesses
The Top 20 Scientific Breakthroughs in History
Ice-Diving Drones Embark on Risky Antarctic Mission: But Why?
Nonprofit Technology Trends for 2018, and Beyond
The Top Five Wellness Retreats in the United States
The Top 20 Presidential Vacation Spots
The Top Five Luxury Hotels in Tel Aviv, Israel
The Top Five Hotels for Visiting Botswana
A Closer Look at the 2018 KTM X-Bow GT4 Racer
The Porsche Mission E: Everything We Know So Far
20 Things You Didn’t Know about McLaren
SSC North America Teases Tuatara Supercar
10 Things You Didn’t Know About Coggiola Watches
A Closer Look at the Armin Strom Mirrored Force Resonance
A Closer Look at the Urwerk UR-210 Dubai Edition
Five Watches That Made Serious Buzz in 2017