How much you’d have if you invested $1,000 | Bitcoin & Ethereum 2021

In 2021 we are seeing cryptocurrency explode in mainstream interest and curiosity. A lot of people bought cryptocurrency for the first time this year. Along with institutional adoption and government regulatory interest, these crypto newcomers are influencing the once-fringe crypto landscape and moving the needle toward mainstream adoption.

If you do decide to get into crypto, consider not making a large purchase all at once, but instead dollar-cost averaging by spreading it out into smaller purchases over time.

Bitcoin

The world’s largest cryptocurrency by market cap had a strong 2021. In February, it hit a $1 trillion market cap for the first time but has since pulled back to close to $900 billion.

Price on Jan. 1: $29,290

Price on Dec. 31: $47,000

A $1,000 investment in bitcoin at the beginning of the year at a price of $29,290 would have bought you 0.034 tokens. You would earn $604.64 (60.464%).

Ether

The value of a single ether, the Ethereum blockchain’s token, is up huge over the past 12 months. Supporters of Ethereum say the blockchain will become more scalable, secure, and sustainable after its Eth2 upgrade, slated for 2022, during which the network will shift to a proof of stake, or PoS, model.

Price on Jan. 1: $730.30

Price on Dec. 31: $3,700

A $1,000 ether purchase on Jan. 1 at a price of $730.30 would have bought you 1.369 tokens. You would earn $4 066.41 (406.641%).

What if I additionally deposit my crypto?

The premise of an interest-earning crypto account is the same as a regular savings account. You deposit your Bitcoin or Ethereum and earn compound interest on your assets. Its true potential is seen when decentralized finance goes on stage. For example, with the Midas earning interest platform, your same initial $1000 investment in BTC in January 2021 would allow you to earn around $701 (instead of $604). In the case of ETH, it would allow you to earn around $4 999 (instead of $4 066).