What if you invested $1000 in Bitcoin 10 years ago?
If you had invested $1,000 into bitcoin five years ago, the investment would have grown by 1,352% and be worth around $14,524 as of Feb. 14. If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb.
On July 1, 2013, Bitcoin traded for around $90.80. A $1,000 investment in Bitcoin could have purchased 11.0132 BTC at the time. Based on a price of $47,316.45 at the time of publication, the $1,000 investment would be worth $521,105.52 today. This represents a hypothetical return of over 52,000% over the last 10 years.
Bitcoin passed its previous all-time high Nov. 2021 record of $69,044.77 last week and is now cruising past $70,000 β something many crypto-skeptics, such as JPMorgan's Jamie Dimon β were not anticipating.
Date | USD : 1 BTC |
---|---|
Jan 2009 β Mar 2010 | basically nothing |
May 2010 | less than $0.01 |
Feb 2011 β April 2011 | $1.00 |
Nov 2013 | $350β$1,242 |
In July 2011, two years after it was created, one coin cost $13.91. Back then, $1,000 would have bought you 71.89 bitcoin, which would be worth $2,785,737.50 today. That figure represents growth of 278,476.56%.
$10 worth of bitcoin in 2010
Based on the $0.003 per-coin price at the time, your $10 would have purchased 3,333 bitcoins. Now, using the $3,722 current value of a bitcoin and the $445 value of one bitcoin cash, your original investment would be worth a total of nearly $13.9 million.
But you'd be pretty happy if you'd bought five years ago and held on for dear life. A $1,000 investment in Bitcoin five years ago will have grown to over $13,000 today.
If I invest $500 in Bitcoin at the start of 2022, how much money will I expect in the next 5 years? I see Bitcoin hovering around $90k by the mid of 2022, if not the entire market is collapsed by that time. In 5 years Bitcoin can easily reach $150k-$250k. Coming to the question $500 gives you 0.01BTC as of now.
Year | Minimum Price | Average Price |
---|---|---|
2024 | $38,000 | $60,000 |
2025 | $50,000 | $65,000 |
2026 | $45,000 | $67,500 |
2030 | $95,000 | $127,500 |
If we use today's current Bitcoin price of $27,611.73, according to Coingecko, your $500 monthly investment would allow you to purchase approximately 18.1 Bitcoins per year ($500/$27,611.73). Over 10 years, this would mean you would have about 181 Bitcoins (18.1 x 10).
Is it smart to invest in Bitcoin?
Edelman stresses that bitcoin is highly speculative, with a history of volatility, but he believes its potential makes it appropriate for a long-term portfolio, provided that investors limit it to 1% to 5%. "The risks are high, and if it fails, a low single-digit allocation won't cause material harm," he said.
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use βbuy/sellβ button and you can choose which cryptocurrency you want to sell and the amount.
Amount | Today at 8:57 am |
---|---|
1 USD | 0.000015 BTC |
5 USD | 0.000075 BTC |
10 USD | 0.000150 BTC |
50 USD | 0.000752 BTC |
That investment would be worth $6,859,178,076.22 today based on the same price of $28,122.63 at the time of writing.
CRYPTO: BTC
Thus, a mere $100 stake in Bitcoin five years ago, when it was trading at around $7,000, would have resulted in an immediate 50% crash as the digital coin fell to $3,500 in early 2019.
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.
In it, a StockTwits user by the name of Charlie Bilello noted that a $10,000 investment in Bitcoin made in July 2010 would have earned investors a $200 mln return. To be exact, a Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln.
Your $100 would have a current value of $323,055. 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.
Year | Price |
---|---|
2025 | $ 68,677.20 |
2026 | $ 72,111.06 |
2027 | $ 75,716.61 |
2030 | $ 87,651.44 |
Cryptocurrency is a very volatile asset and unlike stocks, often does not have rationale behind price movements apart from market sentiment. However, based on all of this analysis, I believe that $100K BTC is definitely possible, which means you would need about 10 BTC to be a millionaire by 2030.
How much Bitcoin to be rich in 10 years?
This projection suggests that a $40,000 investment in Bitcoin today could make someone a millionaire in 10 years' time. To be clear, there are a ton of risks to think about.
With the reward being halved every four years and bitcoin's supply capped at 21 million, the final halving is estimated to occur in the year 2140. From then on, no new BTC will be created. That statement reveals a stark fact about bitcoin's supply: It is finite.
Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.
But you'd be pretty happy if you'd bought five years ago and held on for dear life. A $1,000 investment in Bitcoin five years ago will have grown to over $13,000 today. So, what's the lesson here, and how can investors apply it to Bitcoin moving forward?
The launch of the new spot Bitcoin ETFs is leading some investors to re-think how much Bitcoin they should be holding in their portfolios. In its latest research report, Ark Invests suggests an optimal Bitcoin allocation of 19.4%. In previous years, Ark Invest's optimal Bitcoin allocation was in the 0.5% to 6% range.
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