What If Scenario
What If You Had $10,000 Invested Before Liberation Day?
On April 2, 2025, the White House announced sweeping tariffs on nearly every trading partner. The S&P 500 dropped 10% in two days. If you had $10,000 invested going in, here is what each asset returned through the panic and out the other side.
3 min read
Bitcoin
Best$10,000 invested in 2023
Worth today
$29,266
3.2 years
+39.2% annualized
Gold (GLD)
$10,000 invested in 2023
Worth today
$23,887
3.2 years
+30.7% annualized
S&P 500 (SPY)
$10,000 invested in 2023
Worth today
$16,619
3.2 years
+16.9% annualized
Based on price data through 2026-03-01. Price return only (no dividends).
About this calculation
Returns calculated from January 1, 2023 through current prices. Liberation Day (April 2, 2025) is the key event in this window. Prices use start-of-year 2023 data. BTC-USD via Yahoo Finance, GLD and SPY are ETFs tracking gold and the S&P 500 respectively.
Returns are based on price appreciation only (no dividends reinvested). Past performance does not guarantee future results. Not financial advice.
Want the full story? Read the Bitcoin Verdict breakdown - what Liberation Day was, why markets panicked, and what it revealed about how Bitcoin trades during macro shocks.
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