How Much Was Bitcoin 10 Years Ago

If Y’all Invested $1,000 in Bitcoin 10 Years Ago, Here’s How Much You’d Have Today

by Matt Frankel, CFP® | Updated July 21, 2021 – Commencement published on May eight, 2021


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A physical gold coin marked with the Bitcoin B lying atop hundred dollar bills.

Image source: Getty Images

If yous recollect the stock marketplace’s rise has been impressive, wait until y’all see how Bitcoin has performed.

Bitcoin’south rise has certainly been a remarkable i. In simply 12 years, this cryptocurrency has gone from having no monetary value to surging above $lx,000 for a cursory period. And for investors who got in during the early days and have held on, the returns have been absolutely remarkable.

While we plainly tin’t become back in fourth dimension, it tin can be fun to look at the amount of money made by those with the foresight to get in on the footing floor of successful investments.

So here’s how much you would have if you had bought Bitcoin a decade ago, earlier most people had whatsoever idea what a cryptocurrency was.

The short respond

At the start of May 2011, Bitcoin was trading for approximately $3.fifty (that isn’t a typo). So, $i,000 would have bought approximately 286 Bitcoins, non counting any transaction costs. Every bit of Apr 27, 2021, Bitcoin trades for $54,680.

That ways 286 Bitcoins would exist worth approximately $15.6 million today, assuming you lot held on to them for the past 10 years.

It’s important to mention that the concluding sentence is a
big
assumption. If y’all had been fortunate plenty to dip into your savings and buy a bunch of Bitcoins at $3.50 each, would you take been tempted to sell when the toll first spiked to $100? What about when information technology first broke through $1,000? Or the offset time it eclipsed $10,000? Many investors who got in during the early on years of Bitcoin ended upward selling at to the lowest degree
some
of their positions on the manner upwardly.

A timeline of Bitcoin prices

Speaking of the major milestones Bitcoin has hit over the years, here’southward a quick history of its prices.

  • Bitcoin’s network came into existence in 2009 when the first cake of Bitcoin was mined on Jan. 3. However, there was no monetary value or market for Bitcoin until at least 2010. In fact, in March 2010, an early on adopter attempted to auction 10,000 Bitcoins for $50 (total), but couldn’t find a buyer.
  • The beginning real-world Bitcoin transaction occurred in May 2010, where 10,000 Bitcoins were used to pay for two pizzas, valuing each Bitcoin at a fraction of a cent. Today, the value of this corporeality of Bitcoin would be nearly $550
    million.
  • Bitcoin get-go crossed the $1.00 threshold in February 2011, just over a decade ago.
  • The beginning major surge in Bitcoin popularity occurred in 2013, with prices spiking as high as $1,242 in November of that year before retreating.
  • The second major surge occurred in 2017. The cryptocurrency bankrupt through its previous 2013 high of $1,242 in March, reaching as high as $19,783 in December of that twelvemonth earlier retreating.
  • After 2017, involvement in Bitcoin fell for a considerable period of fourth dimension. The price bottomed at $3,300 in December 2018 and didn’t interruption through its 2017 high again until November 2020.
  • Bitcoin commencement crossed the $50,000 threshold in February 2021 and briefly broke through $60,000 in April.

Is $100,000 Bitcoin going to happen soon?

If there’s i key takeaway, information technology is that the digital currency has been
very
unpredictable. Bitcoin has seen two major peaks, not counting the current rise. And each time, information technology has retreated considerably and taken several years to eclipse the previous highs.

It’south entirely possible that nosotros’ll see $100,000 Bitcoin in a matter of months or fifty-fifty sooner. But it’s of import to realize that $ten,000 or less is likewise very possible. If you lot decide to buy Bitcoin at the current price level, practice so with its volatile and unpredictable nature in heed.

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Well-nigh the Author

Matt is a Certified Financial Planner® and investment counselor based in Columbia, South Carolina. He writes personal finance and investment communication, and in 2017 he received the SABEW All-time in Business concern Award.

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Source: https://www.fool.com/the-ascent/buying-stocks/articles/if-you-invested-1000-in-bitcoin-10-years-ago-heres-how-much-youd-have-today/

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