$1k invested into the Top 10 Cryptos on January 1st, 2020 Up +766% (MAR Update – Month 63)
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EXPERIMENT – Tracking 2020 Top Ten Cryptocurrencies – Month Sixty-Three – UP +766% The full blog post with all the tables is here. Welcome to the monthly recap for the 3rd of 8 homemade Top Ten Crypto Index Funds. The 2020 Portfolio is made up of: Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash, Litecoin, EOS, Binance Coin, BitcoinSV, and Tezos. tl;dr:
Month Sixty-Three – UP 766%The 2020 Top Ten Crypto Index Fund consists of: BTC, ETH, XRP, USDT, BCH, Litecoin, EOS, BNB, BSV, and Tezos. March highlights for the 2020 Top Ten Portfolio:
March Ranking and Dropout ReportTop Ten dropouts since January 2020: after sixty-three months, half of the cryptos that started in the Top Ten have dropped out: EOS, BSV, Tezos, Litecoin, and Bitcoin Cash are gone. At #90, BSV has sunk the lowest since January 2020. March Winners and LosersMarch Winners – EOS, the only crypto to finish in positive territory this month, wins by far. March Losers – Litecoin (-32%) lost almost a third of its value in March. Overall Update – BNB remains solidly in first place, followed by second place ETH. 70% of cryptos at break even or positive territory. 2020 Top Ten is the best performing Top Ten Portfolio.At +766%, the 2020 Top Ten Portfolio continues to be the best performing of the eight Top Ten Crypto Index Fund Experiments. 70% of the 2020 cryptos are in positive or break-even territory. EOS, Tezos, and BSV are the lone exceptions. Binance Coin continues to hold a significant lead, with ETH, Bitcoin, and XRP trailing distantly. The initial $100 investment sixty-three months ago into first place Binance Coin? Currently worth $4,350, an increase of +4,249%. In second place is Ethereum, up +1366%. Despite a strong March, EOS is the worst performer in the 2020 group, down -73% since January 2020. Overall return on $1,000 investment since January 1st, 2020:The 2020 Top Ten Portfolio is now worth $8,655 (+766%) from the initial $1k investment. The 2020 Portfolio remains the best performing of the eight Experiments. Total Market Cap for the Entire Cryptocurrency Sector:As a sector, crypto is up +1349% over the sixty-three month lifespan of the 2020 Top Ten Experiment. There was no easy way to do it at the time, but if you were able to capture the entire crypto market since January 2020 (+1349%), you’d be doing quite a bit better than the Experiment’s Top Ten approach (+766%), about the same as BTC (+1366%) and ridiculously better than the S&P (+74%) over the same time period. Much more on the S&P below. Bitcoin Dominance:BitDom ended March at 61.8% and has seen a steady rise since late 2022. Here are the high and low points of BTC domination since the beginning of the 2020 Experiment: Low Point in the 2020 Top Ten Crypto Index Experiment: 38.1% in November 2022. High Point in the 2020 Top Ten Crypto Index Experiment: 70.4% in December 2020. Combining the 2018-2025 Top Ten Crypto PortfoliosSo what about combining eight years of the Top Ten Crypto Index Fund Experiments?
Taking the eight portfolios together: After a $8,000 total investment in the 2018 – 2025 Top Ten Cryptocurrencies, the combined portfolios are worth $26,959 That’s up +218% on the combined portfolio. The peak for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%. Lost in the numbers? Here’s a graph to help visualize the progress of the combined portfolios since I started tracking the metric in January 2020: In summary: That’s a +218% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for eight straight years. Comparison to S&P 500I’m also tracking the S&P 500 as part of my experiment to have a comparison point with traditional markets. Since the S&P 500 has returned +74% since January 1st, 2020, that same $1k I put into crypto in January 2020 would be worth $1,744 had it been redirected to the S&P 500 instead. Crypto over the same time period? The 2020 Top Ten Crypto Portfolio is returning +766%, worth $8,655. That’s a difference of $6,911 on a $1k investment. But that’s just 2020. What about other entry points? What if I invested in the S&P 500 the same way I did during the first eight years of the Top Ten Crypto Index Fund Experiments since January 1st, 2018, what I like to call the world’s slowest dollar cost averaging method? Here are the figures:
Taken together, the results for a similar approach with the S&P: After eight $1,000 annual investments on January 1st into an S&P 500 index fund from 2018 to 2025 my portfolio would be worth $12,387. That is up +55% since January 2018 compared to a +218% gain of the combined Top Ten Crypto Experiment Portfolios. To help provide perspective, here’s a look at the combined eight year ROI for crypto vs. the S&P up to this point. Conclusion:For those who have supported the Experiments over the years, thank you. For those just getting into crypto, I hope these monthly reports can somehow help with perspective as you embark on your crypto adventures. Buckle up, think long term, don’t invest what you can’t afford to lose, and most importantly, try to enjoy the ride. A reporting note: I’ll focus on 2025 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect two reports per month. March’s extended report covers the one you’re reading here, the 2020 Top Ten Portfolio. You can check out the latest 2018 Top Ten, 2019 Top Ten, 2021 Top Ten, 2022 Top Ten, 2023 Top Ten, and 2024 Top Ten reports as well. submitted by /u/Joe-M-4 |
