This Is How Much Your $100 Investment in Bitcoin, Ethereum, and Dogecoin Would be Worth Since the Inauguration of Joe Biden.
Joe Biden, the current US President, has signed an executive order that established the first-ever comprehensive federal digital assets strategy for the United States. This move was to ensure cryptocurrency regulation, encouraging innovation while mitigating risks to customers, investors, businesses, wider financial stability, and the environment. The prices of various cryptocurrencies had varied during Biden’s term, due to several factors like the COVID-19 pandemic, rising inflation & the Russian invasion of Ukraine. In 2022, several cryptocurrency companies had collapsed, and FTX had declared bankruptcy, which led to the significant decline in the price of major cryptocurrencies later in that year. If a person invested $100 in Bitcoin, Ethereum, and Dogecoin right after Biden took office, they would have made a 193.3% return as of March 11, 2023. The investment into Bitcoin, Ethereum, and Dogecoin would have resulted in current values of $56.29, $104.09, and $719.67, respectively.
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