Here’s How Much You’d Have Now If You’d Bought $100 Of Bitcoin When Mt. Gox Collapsed
Cryptocurrency exchanges are once more in focus after the bankruptcy of Sam Bankman-Fried founded FTX.
It is estimated that at least $1 billion of customer funds evaporated from the now-collapsed exchange, reported CNN.
However, the imagination of the "cryptoverse" was dominated by the collapse of another exchange not that long ago Mt. Gox.
In 2011 when the Mark Karpeles-led ?Mt. Gox collapsed, 850,000 Bitcoin BTC/USD , today worth nearly $14.63 billion, were stolen.
Nearly 137,000 BTC, worth almost $3 billion, are to be released back into the cryptocurrency markets in order to compensate the investors who lost their funds in 2011.
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The Investment: Mt. Gox suspended trading on Feb. 24, 2014. Had an investor put $100 into the apex cryptocurrency the same day, when BTC hit a low of $538.70, heres how much theyd have today. At the time of writing, BTC was seen at 17,229.11.
?? Investment Date Of Purchase/Listing Purchase Amount Purchase Price Units/Shares Obtained Worth Now Percentage Change Bitcoin (BTC) Feb. 24, 2014 $100 $538.70 0.186 $3198.28 3098.28%
The investor would enjoy a whopping 3,098.28% gain on their investment and the $100 would have turned into $3,198.28 at the time of writing.
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