Since its inception in 2009, Bitcoin has seen some extreme ups and downs. As in much of the cryptocurrency market, Bitcoin is a volatile asset. But if you are lucky enough to time your purchase right, it’s possible to enjoy some big returns from Bitcoin.
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Explore how much you would have now if you bought a Bitcoin in the past. Plus, some other ways to build wealth if you are starting now.
How Much Would You Have If You Bought A Bitcoin
Bitcoin burst onto the scene in 2009. Between 2010 and 2020, the value of a Bitcoin soared by 9,000,000% according to CoinDesk. Although many of us hadn’t heard about Bitcoin back then, some investors were already building a crypto portfolio for the long term. Below is a look at how much you would have if you bought a Bitcoin at various points throughout the crypto’s history.
1 Year Ago
As of November 21, 2024, a single Bitcoin is worth $98,191.94. One year ago, a Bitcoin was worth $35,787.93.
If you bought a Bitcoin one year ago, your investment would have grown by $62,404.01 in a single year.
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5 Years Ago
On November 24, 2019, Bitcoin was worth $3,899.06. If you purchased a Bitcoin back then, your investment would have grown by $94,292.88. That represents a growth of over 2,300%.
Of course, the catch is that you needed to have stayed the course through the highs and lows of the Bitcoin market. After peaking at a value of around $60,000 in 2021, prices fell back to around $16,000 in 2022 before ultimately climbing back to the current high. Many investors wouldn’t feel comfortable hanging onto the current during such dramatic volatility. But some did, and they are reaping the rewards of hanging on for the long haul.
10 Years Ago
Back in November 2014, a Bitcoin was worth $378.05. If you bought a Bitcoin a decade ago, your investment would have grown by over $97,000!
Again, hanging onto the currency for that decade would be a wild ride. But if you could stomach the ups and downs, you’ve seen eye-watering investment returns.
15 Years Ago
If you bought Bitcoin when it first came out in 2009, you would find a price of $0.00099 per coin….
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