What if you invested $100 in Bitcoin in 2010?
If you invested $100 in Bitcoin in 2010, you'd have $42,800,000 today. Makes you wonder what the next big opportunity will be.
The story of bitcoin's rise from a little-known digital currency to a financial powerhouse is a testament to the rapidly evolving world of investment. If you invested $100 in bitcoin in 2010, witnessing its growth to $1.54 billion today, you have experienced a once-in-a-lifetime financial phenomenon.
Millions in gains
If you invested $100, you'd have been able to buy about 1,000 bitcoins. At its all-time high, those 1,000 bitcoins would've been worth more than $48 million, not accounting for compounding and assuming you bought and held the asset the entire time.
| Year | Approximate High (in US $) | Approximate Low (in US $) |
|---|---|---|
| 2013 | $1,163 | $13 |
| 2012 | $16 | $4 |
| 2011 | $32 | $0.29 |
| 2010 | $0.40 | $0.00 |
If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.
How much can I expect if I invest $500 in Bitcoin? Assuming a constant monthly investment of $500 for 10 years and a bitcoin price of $1 million per coin at the end, you would earn a profit of approximately $4.8 million.
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.
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.
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.
Bullish #bitcoin (BTC) price predictions range between $129,960.17 and $245,480.33 by 2030. Market analysts believe #BTC could reach $101,080.14 by 2025. Disclaimer: Includes third-party opinions.
How did people buy Bitcoin in 2010?
Bitcoin Market was announced on Bitcointalk in 2010 and it launched the same year, offering a floating exchange rate for bitcoin. Buyers could purchase bitcoin by sending another user U.S. dollars via PayPal while Bitcoin Market would hold the seller's bitcoin in escrow until the seller received their money.
Zilliqa, with the ticker ZIL, is another cryptocurrency that's seen as a potential candidate to reach the $1 threshold. It's a blockchain platform that stands out for its ability to handle a high volume of transactions quickly, thanks to its use of sharding technology.
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.
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.
Bitcoin prices have fallen over 30% from their high twice, and over 60% once, over the past five years alone! 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 Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
When most people think about becoming a crypto millionaire, they usually think about buying a single crypto like Bitcoin (CRYPTO: BTC) and then holding on to it as it delivers stratospheric returns. Over a long enough period of time, even a relatively small upfront investment could turn into $1 million or more.
If you invest $2,000 in bitcoin you should see a profit but given the volatile nature you will need some knowledge on risk management to keep the profits. The price of bitcoin changes everyday but there are trends.
So, if you put $1 in Bitcoin, you will get 0.000036869 BTC. However, it is important to note that the price of Bitcoin is volatile and can fluctuate wildly. So, the amount of Bitcoin you get for $1 could be more or less than 0.000036869 BTC depending on the time of purchase.
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%.
What if I bought $1,000 Bitcoin in 2013?
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 $34,055.98 at the time of writing, the $1,000 investment would be worth $375,065.32 today. This represents a hypothetical return of 37,406.5% over the last 10 years.
In its 2023 Big Ideas report, Ark Invest laid out several price targets for Bitcoin. The report sees Bitcoin hitting price targets in 2030 of $257,500 in the bearish forecast, $682,000 in an average market and $1.48 million in a bullish market.
Fidelity Predicts: $1B per 1 BTC by 2038 — 2040
Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — very close to our Bitcoin price prediction 2040 target date. Timmer's demand model is rooted in Metcalfe's Law.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2027 | $248,270.17 | $255,439.45 |
| 2028 | $360,980.90 | $371,197.88 |
| 2029 | $535,091.49 | $549,940.00 |
| 2030 | $754,034.59 | $776,031.39 |
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