What if I bought $1000 in Bitcoin in 2011?
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%.
If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb. 14.
A $1,000 investment in Bitcoin five years ago will have grown to over $13,000 today. So, what's the lesson here, and how can investors apply it to Bitcoin moving forward?
If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?
By June 2011, Bitcoin's price had hit nearly $30, a seemingly unimaginable rise from just months before. And that's where it topped out for the year. Bitcoin spent the remainder of 2011 just dwindling to as low as $2, before finishing the year at $4.70.
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. While investing in Bitcoin today may never be worth billions of dollars in the future, the hypothetical investment illustrates the large increase in value of the leading cryptocurrency over time.
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 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%.
| Amount | Today at 4:23 pm |
|---|---|
| 50 USD | 0.000827 BTC |
| 100 USD | 0.0017 BTC |
| 500 USD | 0.0083 BTC |
| 1,000 USD | 0.0165 BTC |
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. Today, that initial $1,000 investment would be worth $22,800.
What will Bitcoin be worth in 2050?
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2032 | $1,556,210.36 | $1,890,559.93 |
| 2033 | $2,330,561.92 | $2,724,386.53 |
| 2040 | $3,255,046.46 | $3,906,056.36 |
| 2050 | $4,557,065.25 | $4,918,737.08 |
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
Based on our long-term Bitcoin Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040.
At the time, many people scoffed at Bitcoin and argued it could never be used as a mainstream currency or a long-term investment. But if you had taken the contrarian view and bought a hundred Bitcoins with $100 that year, your investment would be worth a whopping $4.32 million today.
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. What are you the most bullish on over the next decade?
If we go by Wood's predictions of Bitcoin hitting $1 million in 2030, that would represent a 1,288% price increase from today's price. In turn, $1,000 in Bitcoin bought today would produce a return of $12,880 return in six years.
Thus, a mere $100 stake in Bitcoin five years ago, when it was trading at around $7,000, would have resulted in an immediate 50% crash as the digital coin fell to $3,500 in early 2019.
If Bitcoin returns to all-time highs, a $500 investment today would be worth $822.50, representing a return of +64.4% which bring a little ROI to your investment.
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.
If you had invested $1,000 in Bitcoin in 2009 when the price was under a cent, you would have received almost 1,000,000 units of Bitcoin. Now, since the price of Bitcoin is $36,000 today, your investment would be worth approximately $36 billion (1,000,000 x $36,000).
How much will $100 Bitcoin be worth in 10 years?
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. 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.
1 USD equals 0.000017 BTC. The current value of 1 United States Dollar is -1.21% against the exchange rate to BTC in the last 24 hours. The current Bitcoin market cap is $1.18T. Create a free Kraken account to instantly convert USD to BTC today.
Dogecoin ($DOGE)
Spotlight Wire Dogecoin, commonly known by its moniker DOGE, being the world's first meme crypto is the strongest candidate on this list to achieve 1$ valuation. In the 2021 bull market, Dogecoin nearly reached this goal, hitting a high of $0.74376.
If you buy $5 worth of Bitcoin, you will own a portion of Bitcoin equivalent to the value of $5 at the current exchange rate. The specific amount of Bitcoin you receive will depend on the prevailing market rate at the time of purchase.
A $1,000 investment in Bitcoin five years ago will have grown to over $13,000 today. So, what's the lesson here, and how can investors apply it to Bitcoin moving forward?
