In short, in 2010, if you had, against the advice of your account manager and orthodox financial analysts (the fundamentalists), invested $ 100 in bitcoin (BTC), you would have had a comfortable mattress of 10 million dollars today. dollars, immune to inflation but not volatility.
An initial $100 investment held for a tad over 11 years and four months has gained almost 8,000,000,000% and would now be worth $7,964,042,400. In other words, Forbes would be including you in their annual list of the world's richest people.
This means that if you had invested $1000 at $. 08 in Bitcoin in 2010, that investment would be worth over $287 million dollars today.
Millions in gains
If you invested $100, you'd have been able to buy about 1,000 bitcoins. At its all-time high Thursday, those 1,000 bitcoins would've been worth more than $48 million, not accounting for compounding and assuming you bought and held the asset the entire time.
You could have bought 100 Bitcoins for $100 in 2011. That investment would be worth $4.3 million today.
In February of 2011, BTC reached $1.00 for the first time, achieving parity with the U.S. dollar. Months later, the price of BTC reached $10 and then quickly soared to $30 on the Mt. Gox exchange. Bitcoin had risen 100x from the year's starting price of about $0.30.
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 hit an all-time high of $68,789.63 in 2021, then fell to a low of $15,760 in 2022. BTC started 2023 with an 83% gain to reach a high of $31,035. Bitcoin fell 5% in a day in early June, breaking below a key support level around $27,000.
The largest holder of Bitcoin is believed to be Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Nakamoto is estimated to own approximately 1,000,000 BTC, worth around $27.13 billion.
A bitcoin purchased at $1,000 would be worth about $6,400 Thursday, or over six times as much, and your total gain would be over $5,000. This estimate does not include any additional fees or transaction costs.
The short answer
So, $1,000 would have bought approximately 286 Bitcoins, not counting any transaction costs. As of April 27, 2021, Bitcoin trades for $54,680. That means 286 Bitcoins would be worth approximately $15.6 million today, assuming you held on to them for the past 10 years.
The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price mediated through an exchange a bargain basement price of $0.00099 per bitcoin.
If an investor had decided to spend five dollars back then on about 2,000 bitcoins, that stake would be worth $4.4 million today. With $1,200 spent on some 480,000 bitcoins, the investor would be worth at least $1.1 billion today.
Start with as little as $1
Thought you had to buy a whole coin to get started? With bitFlyer, you can invest in Bitcoin and other popular cryptocurrencies with as little as $1.
The live price of Bitcoin is $ 29,355.27 per (BTC / USD) with a current market cap of $ 570.74B USD. 24-hour trading volume is $ 6.53B USD.
Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin. The company also said it would start accepting bitcoin as a payment method for its products. CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter.
Forbes releases its billionaire list annually and this time there are 19 people out of the list who have made their fortunes out of crypto. Cryptocurrencies have had a wild year in 2021. Popular cryptocurrencies like Bitcoin, Ethereum, Dogecoin, etc. reached their all-time high in 2021.
Bitcoin Price Prediction 2050
By the year 2050, Bitcoin's average price could reach approximately $646,200. The minimum value of a Bitcoin during this period is estimated to be around $609,315. These figures indicate the potential for substantial growth over the long term.
Bullish Bitcoin (BTC) price predictions range between $131,594.44 and $248,567.27 by 2030. Market analysts believe BTC could reach $102,351.23 by 2025. Bearish Bitcoin market price prediction for 2023 is $23,394.57.
After halving to less than $4,000 in March, BTC hit $10,000 in May 2020. But it made its real move in the final quarter of 2020. 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.
If you had invested a whopping $10,000 in Bitcoin 10 years ago, you could potentially sell them today for $12,532,862, making you rich as hell.
A drop in Bitcoin below $20,000 could trigger large liquidations of leveraged positions, putting more pressure on an asset that has already slumped more than 50% this year, crypto executives said.