What if you bought Bitcoin on May 12, 2022?
LUNA/Terra collapse
Bitcoin was trading at $28,892 on May 12, 2022. Here's what different investments would be worth today at $71,308.
You invested
$100.00
on 2022-05-12
BTC price then
$28,892
0.003461 BTC bought
Value today
$246.81
BTC at $71,308
Profit
+$146.81
+146.8%
You invested
$500.00
on 2022-05-12
BTC price then
$28,892
0.017306 BTC bought
Value today
$1,234
BTC at $71,308
Profit
+$734.05
+146.8%
You invested
$1,000
on 2022-05-12
BTC price then
$28,892
0.034612 BTC bought
Value today
$2,468
BTC at $71,308
Profit
+$1,468
+146.8%
You invested
$5,000
on 2022-05-12
BTC price then
$28,892
0.173058 BTC bought
Value today
$12,340
BTC at $71,308
Profit
+$7,340
+146.8%
You invested
$10,000
on 2022-05-12
BTC price then
$28,892
0.346117 BTC bought
Value today
$24,681
BTC at $71,308
Profit
+$14,681
+146.8%
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Bitcoin on May 12, 2022: LUNA/Terra collapse
May 12, 2022 was the day the Terra/LUNA ecosystem imploded, wiping out $40 billion in value within 48 hours. The algorithmic stablecoin UST lost its peg, triggering a death spiral in LUNA's token price. Bitcoin dropped below $29,000 as contagion spread through DeFi. The collapse bankrupted Three Arrows Capital and Celsius, triggering a chain of crypto insolvencies through the summer of 2022.
On May 12, 2022, one Bitcoin cost $28,892. A $1,000 investment would have purchased 0.034612BTC. At today's price of $71,308, that holding would be worth $2,468 — a +146.8%return. This calculation does not account for transaction fees, taxes, or the emotional difficulty of holding through Bitcoin's famous volatility. Past performance does not guarantee future results.
Frequently Asked Questions
A $1,000 investment in Bitcoin on May 12, 2022 would be worth approximately $2,468 today, representing a +146.8% return. Bitcoin's price on that date was $28,892, and it is now $71,308. This translates to owning approximately 0.034612 BTC.
Bitcoin was trading at approximately $28,892 on May 12, 2022. At today's price of $71,308, that represents a 2.5x increase. This date is notable as the LUNA/Terra collapse.
A $100 Bitcoin purchase on May 12, 2022 at $28,892 per BTC would have grown to approximately $246.81 today — a +146.8% return over 4 years.
Based on Bitcoin Gate's historical analysis, buying Bitcoin in 2022 at $28,892 resulted in a 146.8% return to date. This was a strong entry point.
Since May 12, 2022, Bitcoin has gone from $28,892 to $71,308 — a 2.5x increase. Historically, Bitcoin has rewarded holders across virtually all entry points when held for 4 or more years. Dollar-cost averaging remains a proven strategy for entering at any price level.