Bitcoin investments returned 61% to investors since 2017 plunge

Bitcoin investors stood to gain even after the 2017 burst that saw the asset plunge from over $20,000 to under $4,000 this year - if.

On-chain analytics firm and crypto data provider Coin Metrics noted Thursday that investors who DCAed into Bitcoin after December 2017 would still be profitable.

"Buying the dip," a so-called adage referring to prices always going up in markets, seemed to have worked on Bitcoin.

The data proves that large-cap cryptocurrencies like Bitcoin remain volatile, cyclical, and continued in price discovery.

The data comes as Bitcoin's price crosses a major milestone yesterday - crossing $6,000 on its "Realized" price.

As on-chain firm Glassnode noted on Twitter, the metric calculates the total Bitcoin that exchanged hands at a particular price.

"Realized Cap values different parts of the supplies at different prices. Specifically, it is computed by valuing each UTXO by the price when it was last moved."

Bitcoin's realized price is at $6,000 now, the highest its been, said Glassnode.

For some in the industry, this was a bullish sign, suggesting a stronger uptrend and investors considering Bitcoin fair at the price level.

Overall, the metrics mean Bitcoin is seeing a long-awaited revival, after being almost written off after 2017.