PayPal embraced crypto six years ago: Here’s what $1,000 in Bitcoin vs PayPal is worth
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PayPal (NASDAQ: PYPL ) announced Bitcoin ( BTC ) buying, holding, and selling exactly six years ago, on October 21, 2020. But how has PayPal stock fared since then compared to the leading cryptocurrency? In short, the payment processor has had a much more difficult time, as PYPL stock has dropped 72% from $203 to $57 in the relevant period. In comparison, Bitcoin has gained approximately 533%, climbing from $13,180 to $83,440. To put things into perspective, a $1,000 investment in PayPal would now be worth just about $280 (a loss of $719.21), while the same position in Bitcoin would be worth $6,330 after a profit of $5,330.
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