The Bureau of Historic Losses · Counterfactual Division
What if you'd bought Block in 2020?
Cash App's surge through the pandemic turned Square into a fintech favourite, the year before it would rename itself Block and lean into Bitcoin. Buying here caught the euphoria — and the steep 2021–22 unwind that followed.
$100 on 2020-01-02, worth today
US$109
As of 2026-06-12, $100 of Block bought at 2020's open (US$63.83) is worth US$109 — 1.09×.
total return · dividends reinvested · USD
How much would $100 of Block bought in 2020 be worth today?
| You'd have put in | You'd have now | Multiple |
|---|---|---|
| US$100 | US$109 | 1.09× |
| US$1,000 | US$1,089 | 1.09× |
| US$10,000 | US$10,891 | 1.09× |
Lump sum on the year's first trading day, total return (dividends reinvested, splits adjusted), valued at the latest close. Past performance isn't a promise — it's a taunt.
What did Block do in 2020?
Opened
US$63.83
2020-01-02
Peaked
US$241.58
2020-12-22
Bottomed
US$38.09
2020-03-20
Closed
US$217.64
2020-12-31
Levels are dividend-adjusted, so historical figures look lower than the headline price of the day — that's the total-return lens, and it's the honest one.
Would steady buying have beaten going all in?
US$33,700 deployed as $100 a week from 2020-01-02, under four temperaments — same money, different nerves.
| All in on day one | US$36,704 |
| Steady weekly buys | US$28,791 |
| Sold dips, rebought rallies | US$23,524 |
| Traded it perfectly | US$106,042 |
“Traded it perfectly” requires knowing the future. Nobody knew the future.
The same $1,000, elsewhere
$1,000 at 2020's open, each valued at the latest close. Hindsight remains undefeated.
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