If You Had Invested $1,000 in Bitcoin When Donald Trump Said He Wasn’t a Fan, How Much Would You Have Today – Bitcoin (BTC/USD), Ethereum (ETH/USD)

the former President Donald Trump Did not shy away from sharing his opinion on social media platforms Twitter, Here is a look at Trump’s views on bitcoin shared on Twitter several years ago.

What happened: value of Bitcoin BTC/USD Has been highly volatile over the past several years. The leading cryptocurrency reached an all-time high in November 2021 and fell 65% in 2022 after several companies filed for bankruptcy. Crypto-related companies such as FTX.

In early 2019, Trump shared his opinion about the leading cryptocurrency.

“I am not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump Tweeted on July 11, 2019.

Trump also called for a virtual currency, Libra meta platform meta was working at that time.

“If Facebook and other companies want to be a bank, they should seek a new banking charter and be subject to all banking regulations like other banks.”

Trump said that the de facto currency in the United States is the US dollar, which will remain “the most dominant currency anywhere in the world”.

Like many of Trump’s other techs, like selling shares of Apple Inc AAPL Investors watching Trump’s opinion fade on screen size complaints could have made some profits.

Years Later, Trump Will Harness the Power of Cryptocurrencies launched its non-fungible token offering, built on polygon matic/usd blockchain and use Ethereum ETH/USD as a payment option. Many on social media were quick to point to the president calling bitcoin a scam in the first place.

Related Links: Elon Musk welcomes Trump back on Twitter

invest $1,000 in bitcoin: The day Trump blasted bitcoin and cryptocurrencies, the major cryptocurrency was trading between $11,158.92 and $12,144.62.

Based on the day’s high, an investor could buy 0.0823 BTC.

A $1,000 investment would be worth $1,377.53 today based on a price of $16,737.95 for bitcoin at the time of writing. This represents a return of 37.8%.

At its peak of nearly $69,000 in November 2021, a $1,000 investment would have been worth $5,661.33 at the time of Trump’s tweet, up 466%.

Read further: Would You Spend $4,500 To Have Dinner With Donald Trump, Here’s What Benzinga’s Followers Said

Photo: Created with images from Gage Skidmore on flickr.

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