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Investors Dollar-Cost Averaging Bitcoin Since 2017 Made a 61.8% Return

imageCryptocurrency10 hours ago (Aug 08, 2020 01:20AM ET)

Investors Dollar-Cost Averaging Bitcoin Since 2017 Made a 61.8% Return

Researchers at Coin Metrics found that investors who dollar-cost averaged into Bitcoin (BTC) since the $20,000 peak in 2017 would still be profitable. According to researchers, an investor who continuously bought BTC over the past three years would have a 61.8% return.

Although the price of Bitcoin fell significantly from $20,000, there were extreme low points in 2019 and 2020. Investors who capitalized on these strong downtrends will easily be sitting on handsome profits today.

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Investors Dollar-Cost Averaging Bitcoin Since 2017 Made a 61.8% Return

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