--- title: Bitcoin Prices Are Climbing Again. Here's How Much You Would Have Made if You Bought It Last Month description: Bitcoin prices just surged above $8,300, hitting a two-month high. But Bitcoin is still down 50% from its all-time high. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2018-07-24T15:44:18.000Z' modified: '2024-05-16T13:16:42.000Z' section: Investing tags: - Bitcoin - cryptocurrencies - Cryptocurrency word_count: 321 canonical: https://money.com/bitcoin-prices-how-to-make-money/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Cropped Hand Of Person Holding Bitcoins](https://img.money.com/2018/07/bitcoin-price-invest-spike-932503482.jpg) Bitcoin is showing signs of life again. For the first time in two months, the price of the cryptocurrency crossed the $8,000 mark — and then it kept on climbing, shooting up over $8,300. That's a significant turnaround—for a spell toward the end of June, one unit of Bitcoin was trading below $6,000. It hit a low of $5,848 on June 28, according to cryptocurrency-tracking site [CoinDesk.com](https://www.coindesk.com/price/). If you bought Bitcoin at that June low, you would have been up roughly 42% at the time it rose to a high of $8,342 on Tuesday morning. In other words, a $1,000 investment in Bitcoin on June 28 would theoretically be worth $1,420 today. Does this mean you should be buying Bitcoin, or any other virtual currency? Well, no. Not at all. Bitcoin and other cryptocurrencies are very [risky and unpredictable](https://money.com/these-are-the-5-safest-cryptocurrencies-to-invest-in-according-to-a-prominent-rating-firm/), and there's no telling where prices will go from here. Bitcoin has been on a wild rollercoaster ride through most of 2018, rising 50% in one day and plunging 10% on another. But mostly, Bitcoin has been on a decline for months: Even after the recent spike above $8,300, Bitcoin is down more than 50% off its all-time high of nearly $20,000, hit toward the end of 2017. Well-respected investing gurus like Yale economist Robert Shiller and billionaire philanthropist Warren Buffett have little good to say about Bitcoin and other cryptos. In one particularly colorful line, Buffett described Bitcoin as “rat poison squared.” If you do feel compelled to buy some Bitcoin or another cryptocurrency, it's wise to follow the recommendation of another billionaire — [Mark Cuban](https://money.com/mark-cuban-bitcoin-advice/), the tech entrepreneur, Dallas Mavericks owner, and "Shark Tank" star. Cuban [told Money](https://money.com/mark-cuban-bitcoin-advice/) that Bitcoin is "still very much a gamble," and that no one should be putting money into cryptocurrencies that they can't afford to lose. Then again, “If you have money you can gamble with, then it’s worth taking a shot,” Cuban advised. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/bitcoin-prices-how-to-make-money/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Bitcoin", "item": "https://money.com/bitcoin/" }, { "@type": "ListItem", "position": 4, "name": "Bitcoin Prices Are Climbing Again. Here's How Much You Would Have Made if You Bought It Last Month" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/bitcoin-prices-how-to-make-money/#webpage", "url": "https://money.com/bitcoin-prices-how-to-make-money/", "name": "Bitcoin Prices Are Climbing Again. Here's How Much You Would Have Made if You Bought It Last Month", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-07-24T15:44:18.000Z", "mainEntity": { "@id": "https://money.com/bitcoin-prices-how-to-make-money/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/bitcoin-prices-how-to-make-money/#breadcrumb" }, "dateModified": "2024-05-16T13:16:42.000Z" }, { "@type": "Article", "headline": "Bitcoin Prices Are Climbing Again. Here's How Much You Would Have Made if You Bought It Last Month", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/07/bitcoin-price-invest-spike-932503482.jpg", "width": 5472, "height": 3648, "caption": "Cropped Hand Of Person Holding Bitcoins" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2018-07-24T15:44:18.000Z", "description": "Bitcoin prices just surged above $8,300, hitting a two-month high. But Bitcoin is still down 50% from its all-time high.", "abstract": "Bitcoin prices just surged above $8,300, hitting a two-month high. But Bitcoin is still down 50% from its all-time high.", "@id": "https://money.com/bitcoin-prices-how-to-make-money/", "inLanguage": "en-US", "dateModified": "2024-05-16T13:16:42.000Z", "wordCount": 321, "keywords": [ "Bitcoin", "cryptocurrencies", "Cryptocurrency" ], "about": [ { "@type": "Thing", "name": "Investment", "sameAs": [ "https://en.wikipedia.org/wiki/Investment" ] }, { "@type": "Thing", "name": "Bitcoin", "sameAs": [ "https://en.wikipedia.org/wiki/Bitcoin" ] } ] } ] } ```