A few minutes ago, I was in the process of writing another post that mentioned cryptocurrency.
I decided to check when was the first time I mentioned cryptocurrency on Borden’s Blather, and it was way back in February 2015.
I had written a post about my acquisition of $1.00 worth of Bitcoin, which was the equivalent of 0.004207 of Bitcoin. In hindsight, I should have bought $1,000 of it back then, instead of waiting three years to do so.
If I had purchased $1,000 worth of bitcoin back in February 2015, that would have been the equivalent of 4.207 bitcoins.
If I had done so, at today’s price of one bitcoin ($57, 016), I would have $239,866.
Not bad for a $1,000 investment after six years. If my calculations are correct, that’s an annual return of over 132 percent per year.
But alas, it wasn’t meant to be.
I think next time a fringe investment opportunity comes along, I’ll take a closer look…
*image from Statista