Quick Take
The potency of dollar-cost averaging (DCA) in Bitcoin investment is underscored by data from the past two years. In November 2021, when Bitcoin (BTC) reached a notable high of approximately $67,589, investors could have initiated a daily investment strategy. By investing a modest $5 per day from November 2021 to November 2023, the accumulated investment would total $3,730.
Fast-forward to the present, and the value of that consistent Bitcoin investment, calculated in current prices, has grown to an estimated $5,279.19. This implies a profit of $1,549.19, a testament to the power of DCA strategy. This approach allows investors to spread risks over time, taking advantage of Bitcoin’s price fluctuations.
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