Data shows investors who dollar-cost averaged into Bitcoin even since the $20,000 peak are profitable.
Researchers at Coin Metrics found that investors who dollar-cost averaged into Bitcoin (BTC) since the $20,000 peak in 2017 would still be profitable. According to researchers, an investor who continuously bought BTC over the past three years would have a 61.8% return.
Although the price of Bitcoin fell significantly from $20,000, there were extreme low points in 2019 and 2020. Investors who capitalized on these strong downtrends will easily be sitting on handsome profits today.
Source:
https://cointelegraph.com/news/investors-dollar-cost-averaging-bitcoin-since-2017-made-a-618-return