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.
Price of 1 Bitcoin in 2013: $13- $1,100
The price consolidated for about six months until another historic rally in November and December of that year, when the price peaked out at $1,100.
In 2012, the price of a single Bitcoin fluctuated between $4.72 and $13.51, with an average price of $8.90. Thus, a $1 investment in Bitcoin would have purchased approximately 0.1124 BTC.
A $1,000 investment in Bitcoin on Oct. 2, 2013 could have purchased 7.6342 Bitcoin based on a price of $130.99. The $1,000 investment would be worth $233,350.01 today based on a price of $30,566.40 for Bitcoin at the time of writing.
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 popped to $10,000 in November 2021 before nearly doubling to almost $19,000 the following month. Little did investors know then, but it took nearly three years to regain these price levels again.
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 December 2013 crash happened because China banned bitcoin mining, while the 2018 crash came right after the initial coin offering (ICO) craze that ended in many projects failing.
Bitcoin Price Hits $500, a 50x Increase in Just 12 Months.
Bitcoin wasn't even worth a dollar until February 2011. That's when the fireworks started.
Bitcoin BTC/USD price history up until Jul 30, 2023
Bitcoin (BTC) price again reached an all-time high in 2021, as values exceeded over 65,000 USD in November 2021.
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.
They predicted that Bitcoin could fall to $5,000 levels in 2023. Experts believe that the rising interest rates and tighter monetary policy will not allow Bitcoin to rebound sharply in the near future.
But practically speaking, the probability that Bitcoin would ever abruptly crash in this manner is very low. Even if several factors may cause Bitcoin's value to decline over time, it would need significant changes in the economic model and the network itself for Bitcoin to drastically go down to zero.
2017 boom and 2018 crash. The 2018 cryptocurrency crash (also known as the Bitcoin crash and the Great crypto crash) was the sell-off of most cryptocurrencies starting in January 2018. After an unprecedented boom in 2017, the price of Bitcoin fell by about 65% from 6 January to 6 February 2018.
Bitcoin surged on Friday breaking back above the $20,000 mark as the U.S. dollar weakened and stocks jumped. The latest leg higher for bitcoin has been sparked by a slight weakening of the U.S. dollar which has seen a stunning rally this year.
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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%.
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 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.
On October 12th, 2009 a member of the BitcoinTalk forum traded 5050 BTC for a sum of $5.02 via Paypal, which implies a price of $0.00099 per coin and one of the lowest prices per BTC ever recorded.
The maximum supply of 21 million bitcoins will be reached around the year 2140, after which no new bitcoins can be mined. The 21 million Bitcoin limit also has important implications for the process of Bitcoin mining.