8, 2014: The rally, it seemed, was over. Bitcoin had slumped to $350 in late 2014. It would have been a good time to buy. A $100 investment would have a value of $12,498 today.
Bitcoin spent the rest of the year gradually declining and closed 2014 at about $318.
According to data calculated by Finbold, investors who bought $1 worth of Bitcoin in January 2013 when the digital asset was trading at $13.30 would have seen their investment grow to be worth $1,417 as of January 13, when the price of one BTC was $18,881.
Bitcoin has produced a monster return
And this means that a $1,000 investment in Bitcoin back then would be worth a whopping $140,000 today. You'd be hard-pressed to find a more lucrative investment during the same time period. Some of the most well-known growth tech stocks don't even come close.
Dec. 16, 2013: This is the year that Bitcoin began its real climb. By December, it was selling for $638, which (at the time) seemed unthinkable. You'd have only gotten a portion of a Bitcoin for your $100, but it would still be worth $6,856.
The research report put together by Ark Invest sees Bitcoin hitting price targets in 2030 of $258,500 in the bearish forecast, $682,000 in the average market and $1.48 million in a bullish market.
Bitcoin first made its debut for trading at the beginning of July 2010 at a price of $0.0008 per token. That's just eight-hundredths of a penny. If we make the hypothetical assumption that there were no transaction fees, a $100 investment on its debut day could have purchased 125,000 Bitcoin.
Question of the Day: In 2010, someone bought 2 pizzas for 10,000 Bitcoin (worth about $30). How much is 10,000 Bitcoin worth today? The value of 10,000 Bitcoin has actually decreased by about a quarter since last year! Answer: $284,986,000.00!
However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Satoshi began working on the first bitcoin wallet concurrently with his development of the Bitcoin protocol, and the Bitcoin-Qt wallet, as it was known, was released in February 2009. The private keys for the Qt wallet were stored in a file on the user's desktop titled “wallet.
It shattered its all-time high by breaching $15,000 in November 2020, moving above $20,000 in December 2020, and ending the year at around $29,000 with a market cap of more than $539 billion.
Bitcoin is not Collapsing Anytime Soon!
Without a doubt, the crypto industry would suffer tremendously if Bitcoin's value dropped to zero. But practically speaking, the probability that Bitcoin would ever abruptly crash in this manner is very low.
Almost as soon as it began, the currency was shaken by news of the collapse of MtGox, once the sole bitcoin exchange. The same month, Charlie Shrem, a Bitcoin Foundation board member, was arrested for alleged money laundering. And over the rest of spring, the currency was rocked by repeated thefts and hacking scandals.
That $1,000 investment would be worth $1,559.04. This represents a hypothetical return of 55.9% over the last five years or an average annual return of 11.2%.
If you had invested $1000 in Bitcoins in 2012, you would have 74.34 BTC today. At the current market, your $1000 investment would have become $1,253,127, giving you an ROI of 125,212.70% and an annualised ROI of 104.08%.
Back in 2010, users could mine bitcoins with CPUs, meaning they could mine the digital currency on their home computer. The first block mined with a person using GPUs happened in July 2010.
This means the $1,000 invested in 2015 would be worth about $76,363.71, giving a whopping 7636% returns for those who divested at the time.
For instance, CoinPriceForecast said bitcoin should reach $77,449 by the end of 2025, and the bitcoin price in 10 years could be as high as $85,845, in 2032; while DigitalCoinPrice said it will hit an average of $76,109.47 in 2025.
In the last 10 Years, the Bitcoin (^BTC) Commodity obtained a 73.32% compound annual return, with a 172.26% standard deviation.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.
According to the Bitcoin Wave Bitcoin projections model, the price would spike to over $180,000 in around mid-2032 and has a potential of trading at $75,000 on average between 2033 and 2035.
Most people will not be able to purchase an entire BTC because of its price, but you can buy portions of BTC on these exchanges in fiat currency like U.S. dollars.