Bitcoin (BTC) has been on a rally since the beginning of 2023. After a tough year in 2022, the leading cryptocurrency has partially recovered its losses while rewarding this year’s investors.
Notably, Bitcoin is up 134.32% in the last 329 days since the first week of the year. This means that a $1,000 BTC investment would be worth $2,343.2 at the time of publication. Logically, a $1 million initial investment in Bitcoin in January is now worth $2.43 million for millionaire gains.
Bitcoin opened the weekly first candle of 2023 at $16,552 and is trading at $38,792 by press time, according to TradingView.
BTC/USD weekly chart on BITSTAMP. Source: TradingView
2021 Bitcoin investments are still at a loss
However, it is important to understand that this yearly rally would still need another 77% increase to regain 2021’s levels.
Only six out of the 52 weeks in 2021 saw Bitcoin trading at lower prices than the current zone. This means every purchase in the other 46 weeks still loses these
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