When comparing the performance of a $1 outlay in Bitcoin 5 years ago with a $1 investment in gold, investors notice a much larger return on investment (ROI) with BTC. Purchasing $1 worth of Bitcoin five years ago when Bitcoin was valued at $1185 would be worth $32.32, now a 3132% increase.
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%.
The cryptocurrency's value peaked over $1,000 in late 2013 but dropped to between $200 and $400 for most of the next four years. But it recovered and hit $998.62 at the start of 2017, meaning that an investor who bought $1,000 worth would have bought slightly more than an entire Bitcoin.
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.
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.
Bitcoin has produced a monster return
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. Some of the most well-known growth tech stocks don't even come close.
Hypothetically speaking, If you managed to buy $1000 worth of Bitcoins In August 2010, you would have had 12.5K BTC. As I mentioned before, buying Bitcoins, back in 2010, was incredibly hard. People would mine the currency — it was possible, but buying Bitcoins wasn't as easy as it is today.
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.
The conversion value for 100 BTC to 2769700 USD. BeInCrypto is currently using the following exchange rate 27697. You can convert BTC to other currencies like XRP, STETH or USDC. We updated our exchange rates on 2023/05/30 23:35.
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 closing price for Bitcoin (BTC) in terms of AUD in 2017 was 18,785.18, on December 29, 2017.
Price reached a new high, reaching $1,402.03 on 1 May 2017, and over $1,800 on 11 May 2017. On 20 May 2017, the price passed $2,000 for the first time. Price broke $5,000 for the first time.
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.
The world's largest digital currency by market value rose more than 3% to an all-time high of $50,487 at about 7:30 a.m. ET, according to data from Coin Metrics. It later fell below the mark, trading 0.2% higher at a price of $48,760.
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.
There are many benefits, like greater security and lower transaction fees, which can help diversify your portfolio. A lot of financial experts say it's an excellent long-term investment. Your financial situation and risk tolerance will determine whether you buy bitcoin in January 2023.
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.
Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy? In an ideal world, it's simple: buy low, sell high.
No more Bitcoins can be mined after 21 million have been generated. According to current trends, the last whole Bitcoin will be mined in the 2040s, but fractions of coins will still be awarded. As soon as all Bitcoins are mined, the value of the cryptocurrency will depend solely on supply and demand.
In 2011, the Electronic Frontier Foundation (EFF) accepted BTC for donations for a few months, but quickly backtracked due to a lack of a legal framework for virtual currencies. In February of 2011, BTC reached $1.00 for the first time, achieving parity with the U.S. dollar.
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.
Right now, 1 Bitcoin is worth about NGN 12,418,099.38.