26 Nov Financial Gains From Investing In Bitcoin Vs Real Estate
With the price of Bitcoin reaching an all-time high recently, cryptocurrency is once more a hot topic among investors.
Hindsight can be both a wonderful and terrible thing, and in this recent study, analysts from Point2Homes pose the following question: “If you had the money to invest in either Bitcoin or a down payment on a home in 2017, what would your earnings look like if you decided to cash in in 2021?”
Here’s what the figures revealed.
The past five years alone show drastic price changes for both real estate and Bitcoin. At the start of 2017, the median home price was $313,000, and despite the ups and downs in the following years, it has grown steadily since the start of the pandemic, from $322,600 in April 2020, to $404,700 by July 2021.
Bitcoin was only created in 2009, and it took eight years to breach the $1000 mark in 2017. Since then, and following a rollercoaster of spikes and crashes, it peaked at an all-time high of $68,000 in November 2021. Despite its volatile and speculative nature, a retrospective glance reveals an asset that packed the potential for very high returns.
Published by Point2Homes in Finance Monthly.