magine you bought 100 shares of stock at $1 per share 10 years ago, back in 2011. And say your stock did exceedingly well, compounding at 20% per year. Result? Your $1,000 original investment would be worth $6,192; six times what you put in. Well done!
Now imagine that instead of stock, you'd put the same $1,000 into Bitcoin 10 years ago. What would that be worth today? As I write this, about $55 million.
That's right. One bitcoin went for as little as $1 back in 2011 and today (March 17, 2021) they're changing hands at more than $55,000. Bitcoin rose more than 200% per year, every year for the last 10. Ever heard of anything like that?
Depending on who you talk to, bitcoin is smoke and mirrors -- a complete hoax -- or it's an investment that's still in its infancy. Think today's price is insane? There are folks who think it will one day be worth more than $1 million.
So, what's an investor to do? Jump on board before the train completely leaves the station? Invest in other, less expensive crypto-currencies? Or should you simply run the other way?
That's what we're going to attempt to determine in this week's "Money!" podcast.
Want more information? Here's additional reading:
See omnystudio.com/listener for privacy information.
Are you the creator of this podcast?
and pick the featured episodes for your show.
Connect with listeners
Podcasters use the RadioPublic listener relationship platform to build lasting connections with fansYes, let's begin connecting
Find new listeners
Understand your audience
Engage your fanbase