If you had invested $1,000 in Bitcoin when Donald Trump said he wasn’t a fan, here’s what you would have today – Bitcoin (BTC/USD), Ethereum (ETH/USD)

former President Donald Trump was not one to shy away from sharing his opinions on a social media platform Twitter. Here’s a look at Trump’s take on Bitcoin, shared on Twitter a few years ago.

What happened: The price of Bitcoin BTC/USD has been very volatile in recent years. The leading cryptocurrency hit all-time highs in November 2021 before crashing after the bankruptcies of several crypto-related companies like FTX, falling 65% in 2022.

Back in 2019, Trump shared his opinion on the leading cryptocurrency.

“I’m not a fan of bitcoin and other non-money cryptocurrencies whose value is very volatile and based on nothing,” Trump tweeted on July 11, 2019.

Trump went on to also mention Libra, a virtual currency that meta platforms META was working on it at the time.

“If Facebook and other companies want to become a bank, they must seek a new banking charter and be subject to all banking regulations, just like other banks.”

Trump said the real currency in the United States is the US dollar, which will remain the “most dominant currency in the world.”

Similar to some of Trump’s other moves, like selling shares of apple inc AAPL Because of complaints about the size of the screen, investors who faded Trump’s mind could have made some gains.

Years later, Trump would use the power of cryptocurrencies to launch his own non-fungible token collection based on the polygon MATIC/USD Blockchain and usage ether ETH/USD as a payment option. Many on social media were quick to point out that the President had previously called Bitcoin a scam.

Related Link: Elon Musk Welcomes Trump Back on Twitter

Invest $1,000 in Bitcoin: On the day Trump blew up bitcoin and cryptocurrencies, the leading cryptocurrency was trading between $11,158.92 and $12,144.62.

Based on the daily high, an investor could have bought 0.0823 BTC.

That $1,000 investment would be worth $1,377.53 today based on a price of $16,737.95 for Bitcoin at the time of writing. This corresponds to a yield of 37.8%.

At its peak of nearly $69,000 in November 2021, the $1,000 investment would have been worth $5,661.33, up 466% since Trump’s tweet.

Read More: Would you spend $4,500 to have dinner with Donald Trump, here’s what Benzinga supporters said

Photo: Created using images from Gage Skidmore on flickr.

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