2020 Bitcoin Return

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Bitcoin returned 307.83% in 2020, not including any transaction fees. After midnight (in the morning) on January 1, 2020, bitcoin's first trade was at $7,205.55 a coin. And the closing trade on December 31, 2020, before midnight was for $29,374.15 a coin.

The 2020 Bitcoin Return: Speculation, and Greater Acceptance

307.8% is an eye popping gain.

And last year, 92% was a heck of a return. Bitcoin lost 73.56% in 2018... and gained a wild 1,318% in 2017. That's one volatile security – bitcoin is speculation not investment.

As I've said in the past, bitcoin comes with no claim on the future value of an income stream, merely the claim on a limited number of future coins. Unlike gold and other precious metal, there is no 'physical' bitcoin.

That doesn't mean you shouldn't own bitcoin or another cryptocurrency – just go into your investment with your eyes open. Holding bitcoin is risky, but if it makes sense in the context of a broader portfolio? Have at it.

Bitcoin's wild ride in 2020 (Daily Closing Prices)

Could bitcoin deliver 10%+ gains in 2021? Yeah, its possible – and it could also fall off a cliff. Be appropriately cautious, and have fun. To see how it's done with better resolution, I built a bitcoin return calculator with inflation adjustments.

Source on the 2020 Bitcoin Return Calculations

I sourced historical bitcoin price data from CoinMarketCap.

Annual Bitcoin Returns



PK started DQYDJ in 2009 to research and discuss finance and investing and help answer financial questions. He's expanded DQYDJ to build visualizations, calculators, and interactive tools.

PK lives in New Hampshire with his wife, kids, and dog.

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