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If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here’s How Much You’d Have Today (And Did You Beat Tesla, Apple?)

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Bitcoin investors have high hopes for the approval of Bitcoin ETFs, and signs suggest that it’s a matter of when, not if. This optimism has even caused the price of Bitcoin to surpass the key $31,000 level. But just how much would an investment in Bitcoin be worth today based on a significant date in history?

Investor Optimism Surrounding Bitcoin ETFs

Investors are eagerly anticipating the approval of Bitcoin ETFs following a federal court ruling against the U.S. Securities and Exchange Commission (SEC). The court directed the SEC to review the application from Grayscale Investments to convert its Grayscale Bitcoin Trust (GBTC) into an ETF. This decision may expedite the approval process for several Bitcoin ETFs that are currently awaiting approval. Notable companies such as BlackRock (BLK), WisdomTree (WT), Invesco, Valkyrie Investments, Ark Invest, VanEck, and Fidelity have all filed for Bitcoin ETFs.

The potential approval of Bitcoin ETFs is further supported by the fact that several ETFs have made amendments to their filings. This suggests that the SEC is considering approval rather than outright rejection.

Bitcoin ETF Filings and the Winklevoss Brothers

Before the recent wave of Bitcoin ETF filings, the Winklevoss brothers made history by filing the Winklevoss Bitcoin Trust back in July 2013. This planned Bitcoin ETF aimed to provide investors with exposure to Bitcoin. However, their initial filing, as well as a second attempt, was rejected in 2018. Cameron Winklevoss expressed his frustration with the SEC’s decade-long refusal to approve Bitcoin ETFs, stating that it has been a disaster for U.S. investors.

Winklevoss also accused the SEC of unintentionally pushing investors towards FTX, a platform that eventually went bankrupt and was one of the largest financial frauds in modern history. Despite the setbacks, Cameron Winklevoss wished luck to all the companies currently fighting to bring Bitcoin ETFs to the market.

Bitcoin’s Remarkable Returns

Bitcoin has delivered impressive returns over the past decade. In 2012, Bitcoin traded below $100, but by July 2013, it reached around $90.80. With a $1,000 investment during that time, one could have purchased 11.0132 BTC. At the current price of $34,055.98, that investment would be worth $375,065.32 today. This represents a hypothetical return of 37,406.5% over the last 10 years.

Comparison With Leading Stocks

  • A $1,000 investment in the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500, would be worth $2,618.69 today. This represents a gain of 161.9% over the last 10 years.
  • A $1,000 investment in Tesla Inc (TSLA) over the same time period would be worth $29,914.03 today. This represents a hypothetical return of 2,891.4% over the last 10 years.
  • A $1,000 investment in Apple Inc (AAPL) over the same time period would be worth $11,96.97 today. This represents a hypothetical return of 1,096.3% over the last 10 years.

While Bitcoin may not beat the market and leading stocks by the same amounts over the next decade, there is increased optimism that the approval of Bitcoin ETFs and the upcoming Bitcoin halving in 2024 could serve as catalysts to propel the price even higher.

Investors are starting to recognize the unique value and potential of digital assets like Bitcoin. If you’re interested in learning more about this growing market and engaging with industry leaders and investors, be sure to attend Benzinga’s exclusive event, Future of Digital Assets, in NYC on Nov. 14, 2023!

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