Investing $1K in Wrapped Bitcoin at launch would now be worth $26,750

From Nasdaq

December 4, 2024 12:00pm:

Cryptocurrencies like bitcoin are soaring after the election, catching the eye of many investors. As of Dec. 3, bitcoin and wrapped bitcoin are trading around $96,000, marking a 129% gain over the last year. Wrapped bitcoin, pegged to bitcoin’s value, has risen 2,675% since its launch in 2019.

Wrapped bitcoin is a token on the ethereum DeFi network, backed by bitcoin and easy to interact with other digital assets. Investors can buy WBTC through exchanges like Coinbase or Binance, but beware of security risks as holdings are not insured. Most experts recommend keeping only 10% of your portfolio in cryptocurrencies due to their volatility.

Read more at Nasdaq: If You’d Invested $1K in Wrapped Bitcoin at Its Launch, Here’s What It Would Be Worth Now