Cryptocurrency has been a game changer and leveller over the past few years as lots of young retail investors who are leveraging the importance of this new asset class are pouring their hard earned monies into this new enigma.
There hasn’t been a better time to invest in crypto than in the last 5 years as this new risky ‘hedge against inflation’ provides an opportunity for people to making lots of money and or even retire from their daytime job.
Despite the volatility in the stock and crypto market over the past few years, here’s how much a Nigerian investor would have made if he invested the sum of N100,000.00 (One hundred thousand naira only) in any of the cryptos listed below.
- Ethereum (CRYPTO: ETH) – N27,371,600.00
- Bitcoin (CRYPTO: BTC) – N14,819,000.00
- Litecoin (CRYPTO: LTC) – N8,790,000.00
- XRP (CRYPTO: XRP) – N26,790,000.00
- Dogecoin (CRYPTO: DOGE) – N100,000,000.00
It remains to be seen if cryptos will continue to rise as they have done over the past few years or crash and burn leaving investors with nothing. The jury is out.