- Post claims a 2017 $10K crypto bet now shows steep losses across major tokens.
- Breakdown lists BTC at $6,050, ETH $4,510, XRP $4,180, SOL $2,930, with others even lower.
- Schiff’s remarks spark debate over Bitcoin’s resilience and market impact.
A social media post claiming that a $10,000 crypto investment made when Donald Trump first took office in January 2017 would be worth less today has reignited debate over the long-term returns of digital assets. The figures, shared by X user @Lovrincrypto, show that several major tokens have declined from that starting point, even as critics argue the overview overlooks prior market peaks and extreme volatility.
In the post, @Lovrincrypto wrote that a $10,000 investment made out of curiosity in early 2017 would now show losses across multiple cryptocurrencies. According to the breakdown, Bitcoin would be worth about $6,050, Ethereum $4,510, XRP $4,180, and Solana $2,930.
Dogecoin was listed at $2,300, Cardano at $2,340, Avalanche at $2,120, Sui at $1,710, Polkadot at $1,770, Ethena at $1,080, Aptos at $870, the TRUMP token at $505, and MELANIA at $100.
The post noted that several of these assets are down by 50% or more from the assumed entry point, with some declining as much as 90%. It also acknowledged that certain tokens, including Solana, did not exist in January 2017, adding complexity to direct comparisons.
The side-by-side figures circulated widely, prompting users to question how many long-term holders remain profitable versus those who bought during later market cycles.
The discussion expanded after economist Peter Schiff posted on X, suggesting that if Trump were to write on Truth Social that Bitcoin is a “Ponzi,” the reaction could be severe. Schiff has long criticized Bitcoin and has described it as a fragile bubble.
His remarks drew pushback from other users. One commenter, identified as Dave W, argued that institutional participants would not be affected by such a statement. Another user, FrontRowBrian, criticized Schiff’s investment record.
A third commenter, Mr. Crypto Degen, stated that Bitcoin has endured bans, market crashes, and repeated claims that it is finished, questioning whether a single social media post could disrupt the network.
Related: Bitcoin’s Surge Ignites Altcoin Rally: Is This 2017 All Over Again?
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Source: https://coinedition.com/bitcoin-debate-grows-after-post-claims-2017-10k-investment-decline/
