If you had purchased bitcoin at the market close on Dec. 10, you would’ve paid $92,020.95. As of the market close one week later, on Dec. 17, it was worth $86,143.76. So your investment would’ve declined by $5,877.19, or about 6.4%.
Does this mean that bitcoin is a bad investment? Or that it’s too late to get in on the big gains? That may not be the case. But cryptocurrency is not an investment for the faint of heart. Let’s take a look at the history of bitcoin and its historical performance as an investment.
Bitcoin launched in 2009, making it older than many people realize. By 2011, bitcoi