If you were to have invested $1,000 in Bitcoin 5 years ago, that means you would have purchased 3.861 BTC on July 1, 2015 at an average price of $259 per bitcoin. Today, it would be worth: $35,736.
A $1,000 investment at the high price five years ago could have purchased 0.0926 BTC. 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%.
According to Coindesk historical data, the USD price of Bitcoin five years ago (on April 12, 2016) was $426.84 for one coin. Thankfully, you can buy Bitcoin in fractions, so you don't have to fork over the full value of a coin. If you bought $1 worth of the currency, you'd have 0.0023 BTC.
At the start of 2011, you could buy 1 Bitcoin for $0.30! The currency experienced a spike to above $15, but ended the year around $3. By the end of 2012, Bitcoin had rallied to $12.56. During 2013, Bitcoin rose steadily to $198.51 by November, but experienced a significant spike, ending the month at $946.92.
In the last 10 Years, the Bitcoin (^BTC) Commodity obtained a 80.25% compound annual return, with a 171.93% standard deviation.
Bitcoin (BTC) Overview
Bullish Bitcoin (BTC) price predictions range between $134,673.74 and $254,383.73 by 2030. Market analysts believe BTC could reach $104,746.24 by 2025.
The year 2015 started with Bitcoin declining, but most of the year was a slow uptrend, unusual for Bitcoin, and it ended the year at $430.
In February of 2011, BTC reached $1.00 for the first time, achieving parity with the U.S. dollar.
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.
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.
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.
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.
Bitcoin, the largest cryptocurrency by market cap, is a risky investment with high volatility. It should only be considered if you have a high risk tolerance, are in a strong financial position and can afford to lose any money you invest in it.
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.
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.
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.
According to expert Bitcoin price prediction, the value of the popular digital currency could reach a minimum of $609,000 by 2050 and a maximum of $646,000. With continued adoption and development of blockchain technology in the near future, this could increase even further over time.
Their confidence in Bitcoin is so strong that analysts at Ark Invest released a report claiming that its price could be worth more than $1 million by 2030. But for Bitcoin to get to that level, it would need to increase by more than 4,000% in just seven years.
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.
Considering all the facts, how much BTC should you own? Numerous researchers say that it is best to own at least 0.0025 BTC as its price is expected to go up in the future. As time progresses, the popularity of cryptocurrencies, such as BTC, is expected to rise rapidly.
In that year, though, Bitcoin was determined to reach new heights. In the following months, the value of BTC once again went up, staying around the $50,000 mark. Finally, on November 10, 2021, Bitcoin's highest price ever was achieved: $68,789.
Ethereum (ETH) – Overall The Best Next Cryptocurrency to Explode in 2023. Ripple (XRP) – Next Crypto To Explode With 10X Growth Potential in 2023. ApeCoin (APE) – Top Pick for the Most Promising Altcoin To Explode. Binance Coin (BNB) – Next Crypto to Explode Among Exchange Based Coins.