This Is How Much Money You Would Have If You Had Invested $100 In Bitcoin In 2010

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This Is How Much Money You Would Have If You Had Invested $100 In Bitcoin In 2010

Bitcoin has reached a new price-high after it started trading at over $48,000 per Bitcoin last week. It has led many people to wonder how much they could have made if they had invested in the cryptocurrency in its earlier days. The maths is actually fairly simple.

In 2010 a Bitcoin was trading at $0.10, that’s just 10 cents per coin in 2010, and because each coin today is trading at $48,000, this means that your initial $100 investment would now net you a cool $48 million. That's presuming that you hadn't sold them or traded them over the last 11 years.

Those that invested in, or even mined Bitcoins themselves back in 2009, and sat on their coins could very well now have profits in the hundreds-of-millions or even billions. The number of people this applies to is thought to be small due to the fact that Bitcoin price has gone up and down dramatically over time and many investors are likely to have sold during a previous price peak.

But it isn't just those that invested early that are making returns. In just the last year alone, the price of Bitcoin has risen by 60%, making some investors fortunes on the growing optimism surrounding the cryptocurrency.

The new price-spike comes after major businesses, influential individuals and financial institutions stated in the last few weeks that they were backing Bitcoin.

Notably, Elon Musk, the world's richest man and founder of Tesla, stated that Tesla was now holding $1.5 billion worth of Bitcoin and would soon accept the cryptocurrency as payment for Tesla motor vehicles. Mastercard revealed that they were looking into facilitating Bitcoin through their credit-card services, and Bank of America, the United States' oldest bank, stated that they were setting up a cryptocurrency unit to assist and guide investors. Jack Dorsey, twitter CEO, and hip-hop mogul Jay-Z also revealed that they had donated 500 Bitcoins to establish a development fund for India and Africa.

The impact of such respected figures backing the currency is huge. As the price of Bitcoin is impacted solely be demand and the faith people have in the currency, the backing by these prominent individuals and financial institutions is likely to cause the price to rise further.

This also means as Bitcoin goes global, and becomes part of our day-to-day lives, that those investing now are likely to make significant returns in the long-term. Some forecasters have even said that given the current unstable economic climate that Bitcoin could reach $75,000 over the next year. Others are even more optimistic, saying that at some point in the future 1 coin could go for hundreds-of-thousands of even millions of dollars.

Bitcoins are sold as whole coins, but smaller investors can also buy up fractions of the coins, known as Shatoshis.

Join the following websites and apps to get free #BTC and ways for passive income.


#UnbankYourself #Cryptocurrencies #PassiveIncome

[h/t: Lad Bible]

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Thinking Humanity: This Is How Much Money You Would Have If You Had Invested $100 In Bitcoin In 2010
This Is How Much Money You Would Have If You Had Invested $100 In Bitcoin In 2010
Bitcoin has reached a new price-high after it started trading at over $48,000 per Bitcoin last week. It has led many people to wonder how much they co
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