The low value of Bitcoin when it was launched and the way a lot the digital asset has grown over time has been a continuing supply of remorse and awe for buyers who discovered in regards to the cryptocurrency early. Primarily, the potential to show a small quantity into tens of millions is what has drawn numerous buyers into Bitcoin and to the crypto trade. So, this report takes a take a look at how a lot you’d’ve made for those who spent $100 shopping for BTC 14 years in the past from right this moment.
Bitcoin Was Trading At $0.05 14 Years In the past
Pete Rizzo, writer of the Bitcoin Historical past publication, shared an fascinating tidbit for BTC on the X (previously Twitter) platform. In response to Rizzo, 14 years in the past, the Bitcoin value was sitting at a mere $0.05 per coin, a value level which appears unimaginable it from right this moment’s perspective.
FUN FACT: 14 years in the past right this moment, you could possibly purchase 1 #Bitcoin for $0.05 ✨ pic.twitter.com/hfDXMxWrWn
— The Bitcoin Historian (@pete_rizzo_) August 3, 2024
This value of Bitcoin throughout its early days reveals the worth conveyed by the cryptocurrency and the way a lot alternative was introduced to those that had the prospect to purchase. This introduced a once-in-a-lifetime alternative for generational wealth, and people who took benefit of it have continued to reap the advantages.
To place this in perspective, spending $100 on BTC 14 years in the past when it was buying and selling at simply $0.05 would’ve netted the client 2,000 BTC on the time. Since then, the BTC value has risen by greater than 125 million %, turning cents into tens of millions.
Because of this on the present BTC value of round $57,000, the two,000 BTC realized from spending $100 could be value $114 million. Because of this Bitcoin has outperformed each single inventory since its inception and has be confirmed to be a greater retailer of worth than conventional belongings resembling gold.
Additional Upside Nonetheless Anticipated For BTC
The present $114 million worth from a $100 funding in Bitcoin 14 years in the past comes at a time when the value is struggling. Expectations are that the BTC value will ultimately cross $100,000 because the crypto market strikes into one other bull cycle. In such a case, the $100 from 14 years in the past could be value $200 million.
Curiously, different outstanding figures resembling MicroStrategy’s Michael Saylor and ARK Make investments’s Cathie Wooden imagine that the BTC value will attain $1 million per coin. In such a case, 2,000 BTC could be value a whopping $2 billion.
Bitcoin’s development over this time has solidified its place because the ‘digital gold.’ It’s at the moment touted as the perfect retailer of worth in opposition to the quickly rising inflation that continues to plague most elements of the world.
Featured picture created with Dall.E, chart from Tradingview.com
