According to historical data at Investing.com, Bitcoin's price never broke above $0.40 per bitcoin in 2010 but did manage to hit that level in early 2011. Then in February, it crossed $1. Just a few months later, in May, it briefly exceeded $8 – a stunning 8-bagger in mere months!
August 22, 2008, BTC Price: $0 – Satoshi Nakamoto begins an email exchange with Wei Dai, the creator of b-money, pictured below.
Price of 1 Bitcoin in 2009: $0
Then, on January 3, 2009, the Bitcoin network went live with the mining of the genesis block, which allowed the first group of transactions to begin a blockchain.
The closing price for Bitcoin (BTC) between 2009 and 2023 is $26,890.13, yesterday. It is up 54,323,391.4% in that time.
In July 2010, bitcoin began trading at US$0.0008, climbing to US$0.08 by the end of the month. The cryptocurrency then slowly rose into the US$10 range until it spiked to US$250 in April 2013.
According to historical data at Investing.com, Bitcoin's price never broke above $0.40 per bitcoin in 2010 but did manage to hit that level in early 2011. Then in February, it crossed $1. Just a few months later, in May, it briefly exceeded $8 – a stunning 8-bagger in mere months!
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.
A small Rs 10,000 investment made in the digital currency bitcoin in 2010 would have increased 66,00,000%, netting the investor a cool Rs 66 crore. In 2010, bitcoin—the cryptocurrency that had then come into being only a year back—was valued at the average of USD 0.06 or Rs. 2.85.
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.
If you bought $1 of BTC 5 years ago, here's how much you'd have today. If you bought $1 worth of Bitcoin five years ago, you'd have $139.15 today. That's not exactly something to call home about. But it is nearly all free money, which is worth celebrating no matter the amount.
Between 2015 and 2016, Bitcoin trudged slowly along, making the price action relatively muted. It closed 2016 at around INR 82,389.
Nakamoto implemented the bitcoin software as open-source code and released it in January 2009. Nakamoto's identity remains unknown. No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, for the unit of account.
Five years from Monday, Bitcoin closed at $263.07 on June 29, 2015, meaning a $1,000 investment at the time would have gotten an investor 3.801 BTC.
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.
The price of Bitcoin (BTC) has reached $20,000 for the first time in history on Dec. 16. The historic milestone comes just over two weeks after breaking its previous all-time high. At the same time, this rally is different from 2017's due to several reasons that could help BTC soar even higher.
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.
As Bitcoin Cash is growing, many crypto traders are curious to know whether Bitcoin Cash can hit the $10,000 cap or not. If current growth continues, the BCH Coin can hardly reach $10,000 target in the next 10 or 20 years.
Answer: Bitcoin could be worth between $800,000 and $1 million in 10 years based on analysts' predictions. The $1 million price target is anticipated in 2030.
A recent report from CoinDesk, the average price prediction for Bitcoin in 2050 is $511,000. That would represent a more than 2,500% increase from the current price of around $19,000.